The US dairy industry has seen an “unprecedented” numbers of bankruptcies in some parts of the country. Remaining dairy farmers are looking closely at what sort of boost they may get from the Trump administration’s trade aid package.
In contrast to tightening milk supplies in the EU as a whole, UK milk production has been hitting 20-year highs every month so far this year, according to the UK AHDB.
A recent testimony by Andrei Mikhalevsky, the president and CEO of California Dairies, given at the US House of Representatives underlined the issues facing the US dairy market.
Under a no-deal Brexit scenario, the UK would face the EU common external tariff on any exports sent to the EU.
The US government has proposed placing additional import duties on a selection of EU dairy products, as part of a wider range of tariffs worth approximately $11bn.
Under a no-deal scenario, the UK would face the EU common external tariff on any exports sent to the EU, noted the Agricultural and Horticultural Development Board (AHDB) in its newsletter.