Price of dairy products set to soar with 50% rise in the milk prices in shops
Industry insiders are warning four pints of milk will cost between £1.60 and £1.70
Dairy prices are set to soar due to supply chain disruption and the cost of living crisis, pushing the cost of four pints of milk up from £1.15 to between £1.60 and £1.70
Dairy industry bosses also warn a 250g pack of butter could increase from £1.55 to more than £2.
The price of milk is set to rise by 50 percent and butter by 30 percent, according to Kite Consulting.
Farmers are also facing added costs to invest in new ways of producing which can help fight catastrophic changes to the climate.
Mr Amirahmadi, UK boss of diary giant Arla, said their farmers are experimenting with innovative new technologies such as different feeds that could reduce emissions.
Cows are major emitters of methane, a potent greenhouse gas which produces an impact much greater than carbon dioxide.
By changing what the cows are fed, the amount of methane that they burp or fart can be reduced.
Recent fairer deals between supermarkets and dairies have not been enough to offset huge recent price rises.
Just like for many parts of the economy, agriculture is facing runaway costs.
Fuel prices have increased significantly and fertiliser costs are also through the roof, Mr Amirahmadi said.