Dairy Market Report Q1 2021

spring cows
Happy New Year to everyone – we hope you enjoyed some calm over the festive period after an extremely turbulent year. 2020 is certainly a year that will be remembered for generations and our thoughts are with anyone that lost loved ones. It was also a year of unprecedented restrictions for people and businesses so our thoughts are also with those that have suffered with shutdowns and closures. From talking to our customers it has certainly been a tough year for most in the food industry with the sharp reduction of foodservice demand. Unfortunately some of our customers have not survived the economic hardship of the pandemic and many good people have lost their jobs. However, there is light at the end of the tunnel and we look forward to embracing the hope 2021 brings us and we will hopefully see a revival of the economy.

In this issue of the dairy market report:

The Brexit Deal
Cheese Prices Remain Firm
milk shortages
Milk Shortages
Kerry Group
Kerry Group Review

We have all been through a testing time over the last year and there are very few businesses that have been unaffected by the unprecedented economic shock caused by government lockdowns. However I am glad to say Ingredient Solutions have managed to stay robust during the crisis and the company is in a healthy position to embrace any new opportunities in the post covid economy. We have recently expanded our global reach with new customers in Hong Kong and Bahamas. We are always looking to expand and we remain as ambitious as ever.

As always, we are grateful for our customers that have persevered with us over the last year and we hope to have been a reliable supplier in testing times. We are happy a Brexit deal has been reached so we can continue to enjoy barrier free trade with our UK customers and we are sure any teething problems will dissipate over time as we adapt to the new reality. We wish all our customers the best of luck for 2021 and let’s hope we have more exciting times with a roaring 20’s decade ahead of us.

Yours Sincerely,

Ian Galletly

Managing Director


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