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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.}

23/06/21

0.75ppl Milk Price increase for suppliers to Meadow Foods – from July 1st (PRODUCER NOTIFIED)

This welcome increase is on the A litres and takes Meadows liquid standard litre price to a straight 29ppl and based on a manufacturing standard litre 29.63ppl.

23/06/21

2.5ppl Milk Price increase for suppliers to Lanchester Dairies (Liquid) – from July 1st (PRODUCER NOTIFIED)

This will result in a liquid standard litre price of 27.5ppl (TBC) and is paid on the A litres. In addition, any Lanchester farmers (circa 75 in total) who increased deliveries in April and May will have a penalty on their milk price on the additional litres which will be effectively a B price. Lanchester refer to this milk as ‘distressed milk’ which for April will be 20.

23/06/21

Brief Market Update

Spot Milk is trading around 23ppl. Forward prices on the StoneXMilkPrices.com UKMFE chart have recorded their third consecutive weekly decline. According to www.milkprices.com the UKMFE forward curve value has declined 1.14ppl in those 3 weeks with Butter and SMP down as well as a currency decline. All of this converts to a net UKMFE return to farmers of 29.

09/06/21

1ppl Milk Price rise for suppliers to Wells Farm Dairy (Liquid) – from 1st July

This increases producers standard liquid milk price to 29ppl.

09/06/21

2ppl Split Milk Price increase for Suppliers to Llaeth Cymreig (Welsh Liquid) – from 1st June & 1st July

This increase is desperately needed by its supplying farmers who we reckon have been on a liquid standard litre price of 26ppl since 1st September 2020. The 1st June 1ppl increase takes producers standard litre to 27ppl and the 1ppl 1st July increase takes it to 28ppl.

09/06/21

0.75ppl Milk Price increase for suppliers to Belton Farm (Cheese) – from 1st July

This increase takes producers manufacturing standard litre price to 30.05ppl and based on a liquid standard litre to 29.3ppl.

09/06/21

0.57ppl Milk Price increase for members of First Milk – from 1st July

This increases members manufacturing standard litre price to 30.5ppl.

09/06/21

0.89ppl Milk Price increase for Sainsburys (SDDG) producers – from July 1st

This increase takes the standard liquid litre prices to Muller 32.69ppl Arla 32.57ppl

09/06/21

Still to declare any Milk Price movement in June or July

County Milk Products Lanchester Cotteswold Greencroft (Northlakes) Jacksons If you know different please email Ian. If its correct all five, who are in Middle ground liquid and/or brokerage, are currently guilty of dragging their heels and falling behind.

09/06/21

GDT down 0.9%

Last weeks GDT 1st June auction index corrected prices a further 0.9% to average US$4128 tonne. Notable movements were as follows: Cheddar up 0.5% to average US $4324 WMP down 0.5% to average US $4062 SMP down 0.5% to average US $3415 Butter down 5.4% to avera

09/06/21

Global outlook is bright

Despite a run of four small GDT average price index declines (which some describe as insignificant) Fonterra and others remain very positive as to the next 12 months New Zealand farmgate milk price outlook. The Co-op has declared an opening 2021/22 farmgate milk price forecast range of $7.25 to $8.75kg milk solids which is equivalent to 28ppl to 33.74ppl.

09/06/21

£20m Greenfield Anglesy Cheese plant to open in September

A state of the art cheese plant with the capacity to produce Welsh and European cheeses including Cheddar, Edam, and Gouda is set to take milk from September creating 100 jobs in Anglesey. The project planning started life in 2016 and has taken 5 years to reach this stage. This Bulletin first mentioned the project in early March 2017, which at the time was planned to take circa 40 million litres a year from a group of 20 local spring grazers.