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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.}

17/08/21

1.59ppl milk price increase for M&S aligned producers – From 1st July

This takes the M&S Muller producers to a chart-topping liquid standard litre price of 34.7ppl. According to www.milkprices.com data this is knocking on the door of the all-time M&S record milk price of 34.84ppl paid in the autumn of 2013. The increase is attributable to on form cost increases.

17/08/21

Milk production brakes are on

With on form costs constantly rising, its little wonder the current AHDB dairy July GB output shows another fall of 2.2% coming in at 1.029 billion litres compared to: June 2021 1.066 billion litres July 2020 1.052 billion litres According to its latest data AHDB state GB daily deliveries are running 1.9% below the same week in 2020. Unless those still paying farmers under 29ppl on a liquid standard litre up their game they are likely to be the ones left short of milk.

17/08/21

GB prices

Spot prices today were trading at a healthy 33p to 36p delivered to the purchasing processor. With cream values up in the £1.60kg plus region and production down for the immediate future its looking like a steady ship. Note haulage costs are rising and surplus milk is not cheap to transport.

17/08/21

Cotteswold (liquid) profits up to £2 million (+46%)

Cotteswold middle ground liquid dairy has reported a cracking set of year end financials with operating profits up from £1.36m to £1.99m and sales increased by 10% to £59 million.

17/08/21

Cheese exports to China & South Korea up

At a time when post Brexit dairy exports and imports to mainland Europe continue to be disrupted and hit very hard, its encouraging to hear that UK cheese exports to Asia and Oceania are up 17% on the 2020 figure. In 2020 China imported 64 tonnes of cheese from the UK and in the same period in 2021 that has rocketed to 467 tonnes. Similarly cheese exports to South Korea have jumped from 53 tonnes to 165 tonnes.

03/08/21

GDT drops for the 8th Consecutive Auction

Todays GDT Auction has recorded its 8th consecutive fall in average prices this time down 1% to average $3784 US per tonne for the 24,084 tonnes sold. The biggest drop was in the average price of whole milk powder Notable movements were Butter up 3.8% to average $4589 tonne SMP up 1.5% to average $3020 tonne Cheddar up 0.7% to average $4065 tonne WMP down 3.

30/07/21

First Milk (Cheese) To Stand on Until at Least 1st October

This maintains members manufacturing standard litre price at 31ppl and based on a liquid standard litre 30ppl

30/07/21

Belton Farm (Cheese) To Stand On Until At Least 1st October

This maintains producers manufacturing standard litre price at 30.05ppl and based on a liquid standard litre 29.30ppl

29/07/21

Stand on price for DCD – Dairy Crest/Saputo Davidstow suppliers – for September

No surprise at the stand position which maintains producers manufacturing standard litre at 31.15ppl and based on a liquid standard litre 30.04ppl

29/07/21

0.5ppl Milk Price Increase for suppliers to Pensworth (liquid) from 1st August

This increases producer’s liquid standard litre price to 28.5ppl

28/07/21

0.5PPL Milk Price Increase for Crediton Dairy Suppliers (Liquid) – from 1st September

This takes producers liquid standard litre price to 30.5ppl including the recently introduced 0.5ppl 13th payment

27/07/21

Stand on price for Wensleydale Creamery (Cheese) suppliers for August deliveries

Previously, Wensleydale increased by 0.5ppl to a manufacturing standard litre price of 29ppl from July 1st and this is their farmgate price for August. Stand on farmgate prices for cheese processors who are at a manufacturing standard litre price of 29ppl plus will likely be the norm going forward for the coming months.