Market Update/Brexit and only 23 sleeps to the end of the Brexit Transition Period
Posted on: 09/12/20
Cream prices fell from an October average of £1,540 tonne to £1,370 tonne in November (2019 £1550/tonne). The main fall in cream values came post the National Lockdown. This puts November cream income at 7.8ppl down 11% from 8.7ppl in October. Spot cream prices are currently down to around £1330 tonne with spot milk trading at 27 to 30ppl (source www.milkprices.com).
AHDB report in addition to the fall in cream prices, butter prices also eased from £3,140 tonne (October) to £3,050 tonne in November. SMP Prices were more or less identical as were mild cheddar prices.
The average DEFRA farmgate milk price paid in October weighed in at 29.78ppl an increase of 1.3% on the average in October 2019 (29.4ppl). Production in October was 1.213 billion litres 1.7% higher than it was in October 2019.
Meanwhile, the Government have announced its intention to ban live exports. Will this result in a ban in live imports including dairy replacements currently coming from Eastern Europe via Germany and Denmark and allegedly bypassing some document scrutiny.
Today we are only 24 days and 23 sleeps away from trading our Dairy products in the post Brexit world having voted to leave 4 ½ years ago. What a mess.