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Dairy Industry News and Features

Our Weekly News Bulletin is available by email. To receive it please email info@ipmsltd.co.uk.

^{Note, all standard litre prices are those quoted by www.milkprices.com and are based on the following:

The liquid standard litre 4% bf, 3.3% protein, 30,000/ml Bactoscans, 200,000/ml SCC, 1 million litres a year on EODC but before seasonality, monthly profile payments, balancing, B price additions, capital retentions or annual incentive schemes. The manufacturing standard litre is to exactly the same specification with the exception of 4.2%bf and 3.4% protein.}

^{Remember this bulletin continues to be available free of charge and takes the team at Ian Potter Associates considerable time to produce. The only encouragement to keep producing it is a combination of enthusiasm, tag sales & enquiries from our readers.} ^{All views expressed in this bulletin are those of Ian Potter Associates and a shed load of dairy farmers. It is necessarily short and cannot deal with various issues that arise in any detail. As a result it must not be relied on as giving sufficient advice in any specific case. Every effort has been made to ensure the accuracy of the content but neither Ian Potter Associates nor Lydia Clare personally can accept any liability for any errors or omissions. Professional advice must always be taken before any decision is reached. For our privacy policy please click here.}

04/03/22

1ppl milk price increase for Glanbia cheese suppliers – from 1st March

This increases producers manufacturing standard litre price to 36ppl and based on a liquid standard litre to 34.79ppl

04/03/22

0.5ppl milk price increase for Crediton Dairies (liquid) suppliers – from 1st April

This increases producers standard liquid litre price to 35.5ppl

04/03/22

0.48ppl milk price increase for M&S suppliers takes them to 40ppl from 1st April

M&S are the first milk purchaser this bulletin has featured whose conventional liquid standard litre price has passed the 40ppl mark. This latest increase results in a liquid standard litre price of 40.03ppl

04/03/22

Extra 1.4ppl (1.62 Eurocents per kg) 13th payment for Arla farmers

Arla have announced its 13th payment to members as 1.4ppl (1.62 eurocents kg) to be paid this month. This compares to a budgeted 1.5 Eurocents and means the Co-op will payout £171 million (207 million Euros) having achieved a 3% net profit in 2021 compared to the 2.8% budget. Its another excellent result which eclipses the 13th payments others are contemplating.

04/03/22

GDT continues to break records with a 5.1% average rise

Tuesdays GDT Auction clocked up a 5.1% increase on the results achieved only two weeks ago which in itself was up 4.2%. The auction average was US $5065 tonne which sets a GDT all-time record which previously stood at $5042 tonne set in February 2014. Averages for both cheddar and butter were both all-time highs smashing the previous records set only two weeks ago.

04/03/22

The Market including fertilizer & fuel

The StoneXMilkprices.com UKMFE (UK Milk Price Equivalent) gives the industry the trades forward view of dairy prices for the next 15 months. It shows the February Nett UKMFE return to a producer was 40.07ppl and the low point is January 2023 at 42.66ppl. Globally milk production is tight and with confirmed reports today of Red Diesel at £1.10 litre plus and compound fertiliser over £1000 tonne the question is will milk supply increase or will it simply continue to decrease.

04/03/22

The average paid out milk price in January stands at 35.46ppl

This is the latest DEFRA figure (not a standard litre figure) and was paid out in a month when UK production was down 1.7% compared to January 2021. On a weekly basis GB deliveries in February are down 2.3% to 2.9% compared to the same week a year ago.

04/03/22

Aligned farmers keen to exit Co-op, Sainsburys and Tesco contracts

The number of farmers keen to exit their retailer aligned contract is escalating and this week its Muller Co-op farmers who are furious that their liquid standard litre price for March remains stubbornly stuck at 33.91ppl and is now possibly the lowest March UK farmgate milk price. In close proximity to the Co-op comes Tesco at 34.18ppl and Sainsburys at 33.

04/03/22

1ppl milk price increase for OMSCO A litres compared to 31.25ppl paid in April 2021 outrages some producers

In a letter to producers this week the chairman of OMSCO has declared a 1ppl 1st April standard litre price increase to 32.25ppl compared to that paid 1 year ago and the 32.25ppl price is down for 3 months April to June 2022 inclusive. The grid then declares the monthly budgeted farmgate prices to March 2023 to give a budgeted total paid out price including a budgeted 13th payment of 0.

01/03/22

GDT continues to break records with a 5.1% average rise

Todays GDT Auction clocked up a 5.1% increase on the results achieved only two weeks ago which in itself was up 4.2%. Todays auction average was US $5065 tonne which sets a GDT all time record which previously stood at $5042 tonne set in February 2014. Todays averages for both cheddar and butter were both all-time highs smashing the previous records set only two weeks ago.

28/02/22

Muller announce 1.5ppl milk price increase from 1st April

This increases the standard liquid litre price to 36.5ppl.

22/02/22

1.8ppl price increase for Arla members retains Arlas position as the pace setters

Arla have announced a further 1.8ppl (2 euro cents) price increase from March 1st both for its conventional and organic members. The resulting www.milkprices.com standard litre prices are Standard Litre Conventional Organic Manufacturing 39.38ppl 46.83ppl Liquid 37.