Kite Consulting

From Oil Spikes to Export Chances: Inside the Current Milk Market

Episode Summary

In episode 288 of the Kite Podcast, hosts Will Evans and Ben Eagle are joined by Chris Walkland and Becki Reay to unpack the complex dynamics shaping today’s milk market, particularly as geopolitical tensions in the Middle East push oil prices toward $100 a barrel. Rising fuel and fertiliser costs — including a 50% jump in red diesel prices this month —putting mounting pressure on farmers, while milk prices continue to swing dramatically, with recent increases reported by Farmers Weekly underscoring the market’s volatility. Despite these challenges, many farmers are demonstrating impressive resilience, maintaining production levels comparable to last year, though questions remain about how long this stability can last. The team also highlights how important it is for farmers to stay adaptable, with Becki Reay encouraging proactive approaches to navigating sudden shifts in input and output prices. Looking forward, they also consider how growing global demand could create export opportunities, even as uncertainty continues to surround the UK market.