H1 Report: A Recap and Forward Outlook for Dairy Products in ‘24
Explore the dynamic shifts in the dairy market during the first half of 2024 with our comprehensive H1 report. This in-depth analysis covers essential dairy industry products, including liquids, powders, and cheeses.
Supported by Vesper's robust data, we uncover significant market movements and emerging trends that shaped the dairy sector in early 2024. The report concludes with a concise outlook for the remainder of the year, offering essential insights for strategic decision-making.
What to expect from the report
The dairy market in early 2024 experienced significant fluctuations and emerging trends that have shaped the industry across H1. This report provides an in-depth analysis of these changes:
- Butter: European butter prices surged due to lower production and high retail consumption
- Skimmed Milk Powder (SMP): Prices remained low in early 2024 but began to stabilize in the second quarter.
- Cheddar: Production in the UK and Ireland was limited due to poor milk seasons, while increased production in Poland and Germany balanced the market.
- Cream: Cream prices were highly volatile driven by mixed milk production numbers and strong demand for butter and AMF.
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What is Vesper?
Vesper, vespertool.com, is a commodity intelligence platform that transforms difficult-to-understand data into easy-to-digest intelligence and actionable insights, enabling users to back their decisions with facts. The insights provided by our market analysts in this report are backed-up by Vesper’s real-time and difficult to find data.
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