Dairy Bulletin News Archive

Background Back in 2015 Ian & Carole travelled to New Zealand and joined the Pork Pie Charity Run (www.porkpie.co.nz) in a classic Mini and raised £6,600 for charity.  In 2017 the intrepid duo “squeezed” behind the wheel again and drove  Ian’s 1963 Mini Cooper S to Rotterdam for a weekend to raise money in the 20th and final Regis Ladies Classic Car Tour. They scooped the Award for the team who raised the most money for two Cancer Charities raising over £3,000.

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Arla have announced a 1.09ppl milk price increase compromising of a 0.9ppl base price increase plus 0.19ppl quarterly currency adjustment. The resulting 1st October standard litre price is 31.21ppl and based on the manufacturing standard litre is 32.47ppl, which, if anyone plays milk processor Top Trumps they will struggle to beat Arla in 2018. The Arla UK organic milk price remains unchanged whilst it increases in Sweden (3 Euro Cents) and Denmark (2 Euro Cents).

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As it’s calculated a further 1.2ppl is pencilled in by Arla as a 13th payment, which whilst still to be approved by Arla’s BOR and depends on the current business performance continuing until March 2019, will be additional money to be added to an already healthy looking Arla member milk price.

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This takes producers’ standard liquid litre price to 29.39ppl but see below for trouble at Sainsburys!

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This takes producers’ liquid standard litre milk price to 31.41ppl

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All eyes are now focussed on Muller this weekend and whether it confirms any price movement from November 1st.  Ian’s moles suggest a Muller price cut is very much on the cards, which is not what Muller or any dairy farmers will want to hear.  Given Muller’s 1st October liquid standard litre price is 29.5ppl and Arla’s is 31.21ppl the gap is now an unexplainable 1.

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Key movers in last Tuesday’s GDT auction were: Cheddar down 3.5% to average US$3503 tonne WMP down 1.8% to average US$2768 tonne SMP down 1.1% to average US$1980 tonne Butter down 0.1% to average US$4270 tonne Average down 1.3% to average US2934 tonne with 39,143 tonnes sold. This means in the last 8 GDT auctions the average price has dropped by close to 20% to prices last seen in October 2016.

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Sainsburys farmers in the North of England and Scotland are furious with the retailer to the point several are claiming they are immediately seeking a new milk buyer and want to exit the Sainsburys Dairy Development Group because “its heads Sainsburys win and tails its dairy farmers lose.”  On a practical note finding a new milk buyer in Scotland looks challenging! Sainsburys are half way through a series of regional farmer meetings, which haven’t gone according to plan and parachuting any spin doctors and head honchos in hasn’t placated some of their loyal switched on farmers.

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Dairy Crest have announced a trading update for the last 6 month and anticipate profit for the period to be above the same period 12 months earlier as well as reporting a reduction in nett debt.  Dairy Crest’s interim results will be published on November 7th.

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Have published their financial results for the year to 31st March 2018.  The key numbers are: Members’ Capital Investment up £2.1m to £75.5m Turnover up 22% to £252.7m (2017 - £206.5m) Nett Bank Borrowings up 16% to £44.9m (2017 - £38.6m) Nett Profit Down 47% to £3.2m (2017 - £6m) Total Group Capital Reserves up 25% to 27.4m (2017 - £22m) First Milk might still be in the bottom handful of milk purchaser’s standard litre milk price league tables but at least they have significantly narrowed the price gap and strengthened their position, in recent years.

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Freshways have wound up their UHT Dairystix business directly affecting 17 employees.  The Dairystix brand was launched in 2007 but by 2012 was in administration before it was resurrected.  Freshways took the business on in 2014.  Further details to follow but the numbers rumoured will leave some creditors with a migraine.

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Construction of an eye watering 30 million litre fully integrated dairy has started in Russia and will cost circa $633 million (£484 million) with funds coming from a group who are recognised as the largest Vietnamese agricultural investors. This is the first of five farms in the pipeline with construction of all five to commence by 2020. The farm/unit will be fully integrated from the cow to the distribution of dairy products and will house 50,000 cows at 5,800 litres/cow or 30,000 at just under 10,000 litres a cow.

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