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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.}

09/06/23

Latest GDT Auction down 0.9%

Butter + 0.5%, average price US $5,088 tonne Ched + 7.4%, average price US $4,668 tonne SMP unchanged, average price US $2,755 tonne WMP - 3.0%, average price US $3,173 tonne

09/06/23

Neil Kennedy to step down as chair of Omsco with Carl Ravenhall to take up the position at AGM – (Credit Daykin Partnership Ltd)

After seven years as a board director of Omsco, the last three of which have been as chair, Neil Kennedy has announced his decision to step down from the role at the co-operative’s AGM in July. He will be replaced by Carl Ravenhall who will use his extensive experience gained in a range of senior executive and non-executive roles, the majority of which have been in the dairy industry, to guide the British farmer-owned co-operative dedicated to organic dairy, through the next phase of its development.

09/06/23

Guest Speaker for June 2023 – Lydia Clare

My name is Lydia Clare and I am Ian Potter’s youngest daughter. I have worked alongside my dad for 13 years and my broad experience lies in Single Farm Payments, Countryside Stewardship, NFSCo admin & the retail of animal eartags. In stepping up into my new role, I will struggle to fill the rather large boots of my father, but will strive to continue, & honour, his remarkable legacy, ensuring that his newsletter remains an invaluable source of information - albeit my delivery may differ somewhat to Ian’s!! We are committed to keeping you updated with price changes and any major development within the dairy industry through the news bulletin.

09/06/23

1ppl milk price reduction for suppliers to Davidstow Creamery Direct – from 1st July

This reduction results in a liquid standard litre price of 35.68ppl and based on a manufacturing standard litre of 37ppl.

21/02/23

GDT Auction down 1.5%

Todays auction saw the average price fall by 1.5% to average US $ 3404 tonne. Notable movements were Butter + 3.8% to average US $ 4922 tonne WMP + 2.0% to average US $ 3264 tonne Cheddar + 1.5% to average US $ 5086 tonne SMP down 2.4% to average US $ 2769 tonne

21/02/23

GDT 2022 Review

GDT held its 326th auction today and its latest review of 2022 auction activity makes for interesting reading. The auction traded 647,296 million tonnes of product during 2022 with product originating from Europe, USA and the home region of Oceania. An average of 95% of the product offered at the auctions was sold with a total value for the year of £2.24 billion (US $ 2.

20/02/23

3ppl milk price reduction for suppliers to Paynes Dairies – from 1st March

This reduction results in a liquid standard litre price of 44ppl

20/02/23

4.8ppl milk price reduction for suppliers to Pattemores (Liquid) – from 1st March

This reduction results in a liquid standard litre price of 43.2ppl and based on a manufacturing standard litre 44.38ppl.

14/02/23

4.5ppl milk price reduction for suppliers to Meadow Foods – from 1st March

This reduction results in a manufacturing standard litre price of 41.6ppl and based on a liquid standard litre price to 41ppl on the A litres.

10/02/23

December average farmgate milk price stands at 51.51ppl

DEFRA calculations put the average farmgate milk payout for December at 51.51ppl for the 1.238 billion litres produced in the UK which in itself was an increase of 3.2% on November 2022 production and 1.7% ahead of December 2021 production. Total UK milk output for the calendar year 2022 was down 0.5% on 2021 testimony that the old addage of 1% less makes a huge difference to the price of milk, oil or any product just as 1% extra production has the opposite effect.

10/02/23

Arlas 2022 global results are described as solid in a volatile year

Arla has released its 2022 financials which as expected are solid but effectively come with a wealth warning. During 2022 Arla succeeded in delivering a leading but necessary European member milk price which increased by 40.5%. In addition, an extra 2.2 euro cents (2ppl) in total to be paid out to Arla members. During 2022 branded sales declined in volume terms by 3.

08/02/23

5ppl milk price reduction for suppliers to Wyke Farms (cheese) – from 1st March

This reduction results in a manufacturing standard litre price of 44.93ppl and based on a liquid standard litre 43.4ppl. In announcing the price reduction Wyke have confirmed on April 1st a further price reduction will happen and that whilst Wyke do not operate A&B pricing or similar it, like most others, anticipate surplus spring milk to trade in the 20p range or lower.