Prices and Spot Milk could be heading for a meltdown

Spot Milk trading sat at 25p only a couple of weeks ago then suddenly shot up to 30/31p and today is back to 25p and dropping.

Coronavirus is causing a melt down and if the government introduces restrictions the dairy trade is buckling for a very rough ride with some expecting spot milk to be plentiful and quickly down to circa 20p as orders are reduced or cancelled on mass.

The problem is primarily in London where the food service industry is gradually grinding to almost a shut down and if schools and universities close it will be close to meltdown especially in coffee shops (people working from home won’t visit coffee shops) and restaurants.

As well as the possibility of schools and universities closing there is an expectation that Livestock Auctions could be closed. It’s starting to look very serious for the UK as it’s now official that the stats indicate we could be running around 4 weeks behind the pattern the coronavirus took in Italy which if proved to be correct will be extremely serious.