The farming industry has warned that the price of dairy products such as milk and butter could rise by more than 50 per cent in another blow for people during the ongoing cost of living crisis. A 'tsunami' or rising farming production costs has been blamed for this.
Long term inflation increases and the ongoing war in Ukraine has led to a surge in price of farming essentials such as fertiliser, fuel, and animal feed. This means the cost of four pints of milk could rise from £1.15 to between £1.60-£1.70, according to the UK's leading adviser to dairy farmers, Kite Consulting. An average pack of butter could increase from £1.55 to more than £2.
The Telegraph yesterday reported that UK dairy industry bosses flew to Brussels last week for talks over this issue. Dairy processors, which act as the link between farmers and retailers, are very concerned over costs which have undergone a 'seismic' change since the Russian invasion of Ukraine.
