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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.}

08/01/21

0.4ppl milk price increase for Tesco (TSDG) aligned suppliers – from 1st February

This increase is a result of the Tesco cost tracker review and results in a liquid standard litre price of 31.02ppl (Arla Tesco) and 31.27ppl (Muller Tesco)

08/01/21

0.22ppl price increase for suppliers to the Co-op Group – from 1st February

This increases the Muller Co-op groups standard litre price for the next quarter to 29.88ppl.

08/01/21

Barbers (cheese) to stand on until at least 1st March

This maintains producers manufacturing standard litre price at 29.83ppl and based on a liquid standard litre 28.79ppl.

08/01/21

Belton Farm (cheese) to stand on until at least 1st March

This maintains producers manufacturing standard litre price at 28ppl and based on a liquid standard litre 27.25ppl.

08/01/21

Saputo (Dairy Crest) to stand on until at least 1st March

This maintains producers manufacturing standard litre price at 29.15ppl and based on a liquid standard litre 28.11ppl.

08/01/21

Crediton Dairy (Liquid) to stand on until at least 1st March

This maintains producer’s liquid standard litre price at 28.50ppl

08/01/21

Freshways (Liquid) to stand on until at least 1st February

This maintains producer’s liquid standard litre price at 27ppl. Freshways have also indicated their intension is to hold the price until March 1st despite the fall in cream prices and fall in demand from the food service sector due to the lockdown. Freshways are the only middle ground processor to suggest a hold until March which some others will likely struggle to match.

08/01/21

GDT Auction jumps an average 3.9% ($3,420 tonne)

This increase follows hot on the heels of three previous consecutive increases making a total of 4 on the bounce starting 17th November (+1.8%, +4.3%, +1.3% + 3.9%) and 7 increases out of the last 8 Auction results. All products offered at this week’s sale recorded healthy increases in value. Notable movements were Butter + 7.2% to average US $4526 tonne Cheddar + 5% to average US $4078 tonne SMP + 4.

08/01/21

30.54ppl Defra average UK farmgate milk price for November

This is a 2.2% increase on the 29.87ppl recorded in November 2019 (+0.67ppl) but down from the 31.6ppl recorded in November 2018.

21/12/20

1ppl Milk Price Reduction for Arla Members (Conventional and Organic) – from 1st January

Whilst this reduction is unwelcome at a time of year when it’s supposed to be goodwill to all men (and women) it’s certainly one which hasn’t come as a complete surprise. The Covid19 and Brexit combination are the real reasons for this announcement not helped by the fact that milk volumes across the EU are strong and as well as recent falls in Cream and Cheese values.

21/12/20

Cream Values plummet by 5ppl in hours

Last night’s announcement that freight lorries cannot cross the sea or use the Eurotunnel caused cream values to plummet. Bulk cream values in October averaged £1.52 (worth 16ppl to a liquid processor) in October according to www.milkprices.com. Prices have been slipping and last week deals were done at around £1.25 (worth 12.8ppl) but by the end of last week slid to a range £1 (worth 10.

21/12/20

January Updated Milk League Rankings

Below is a league table based on www.milkprices.com standard litre prices for 1st January 2021. Those highlighted in yellow are the 1st December prices with the relevant purchasers 1st January farmgate milk price still to be declared.