Increased farmer production sees UK dairy exports up 12%
UK exports of dairy products have increased by 12% in the first eight months of 2014 compared with the previous year according to DairyCo.
It says this is equivalent to an additional 76,000t and is a direct consequence of an increase in milk deliveries across the UK, which increased by 9.6% over the same period.
Exports to EU Member States account for 90% of total UK exports over this time period. DairyCo outlines that volumes of whey powder, SMP and WMP traded all show significant increases year on year.
DairyCo also says exports to non EU countries have increased from 7% of total UK exports in January to August 2013, to 10% in 2014.
It says trade with Algeria, China and Hong Kong has accounted for much of the 47.6% (21,600t) increase in volume.
DairyCo says that one potential up-side of the falling wholesale prices for dairy products experienced throughout 2014 is that it can lead to increased trade opportunities. Countries that were unable to enter the market when prices were higher may wish to trade as prices fall.
It cites that UK exporters may already be exploring new market opportunities with exports to sub-Saharan Africa increasing by 21% in the first eight months of 2014 compared to the same period the previous year.