General Market Update/Snippets

According to AHDB Dairy’s bean counters the 2019/20 GB Milk year is on target for a 29 year production high at 12.58 Billion Litres despite the dairy herd having reduced by 1.75 million head (-2.4%)

During 2019 UK imports of Irish Cheddar were set to break a 20 year plus record mainly due to processors stock piling against a no deal Brexit.

During the nine month period January 2019 to September 2019 imports were up a staggering 24% to almost 90,000 tonnes.

AHDB also report:

• Cream prices fell more than anticipated in the run up to Christmas down 15% on the month and down 22% compared to December 2018, Cream Price values to a liquid processor were at their lowest value for 3 years plus at 7.4ppl.
• Butter & Mild Cheddar more or less stable in terms of the December average.
• SMP Prices continue to rise but only by 3% in the month.