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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.}

17/07/20

1ppl Milk Price increase for suppliers to Wyke Farms Somerset (Cheese) – from 1st of August

This increase takes producers standard manufacturing litre price to 27.97ppl and based on a liquid standard litre to 27ppl. Wyke report the recent price increases its sales team have achieved with a number of its UK customers have contributed towards this increase.

17/07/20

0.25ppl Milk Price increase for suppliers to The Fresh Milk Company (AKA Lactalis) – from 1st August

This increase takes producers standard manufacturing litre milk price to 27.86ppl and based on a standard liquid litre to 26.5ppl.

17/07/20

Market Summary, Arla Expectation and Next Bulletin

For liquid suppliers a 26ppl standard litre price by 1st August is viewed a minimum and any falling below this level, with spot trading at 30ppl up or very close, must be challenged. A cheese manufacturing standard litre of 28ppl or thereabouts by 1st August should also be the norm. Arla have led GB milk prices for many months and are due to announce their August 1st milk price next week.

17/07/20

Butter futures sets a new daily record

The EEX (European Energy Exchange) last Friday achieved a new daily trading record with 644 contracts executed in the day totalling 3,220 tonnes. This eclipsed the previous days record set on the March 4th of 433 contracts involving 1055 tonnes.

17/07/20

South Caernarfon Creameries Ltd (SCC) former Co-op reports solid financial performance

The West Wales Co-operatives 2019-20 Annual report front cover features its successful hand-crafted Dragon brand cheese with the strap line “Proudly owned by our farmers” which probably sums up the business. Record sales with higher volumes of cheese from its 134 members who average 1 million litres each are the key take outs. As with most if not all GB Dairy Co-ops SCC had no producer resignations in the year.

17/07/20

First Milk farmer Co-op records solid performance

It seems the days of GB Co-op’s all recording real success are well and truly here. First Milks Annual report and Accounts to 31st March 2020 are once again a very bright light with its progress and positive position significantly bolstered by its successful partnership with its main customer Ornua as well as other customers/partners for example Nestle and Yeo Valley.

07/07/20

1.5ppl milk price increase for suppliers to Medina (Liquid) – from 1st August

This takes the average Medina contracted liquid standard litre price to 24.75ppl, which is a welcome and desperately needed return to the pre Covid February 2020 level. Medina were and indeed still are hit as hard as anyone by the dramatic drop in milk going to its catering and hospitality customers which is by no means back to "normal" and many in the industry believe the new normal will not be seen until 2021.

07/07/20

1ppl milk price increase for Pattemores (Liquid) suppliers – July 1st

This takes Pattemores standard liquid litre price to 25ppl.

07/07/20

1ppl A milk price increase for suppliers to Pensworth (Liquid) from 1st July

This increases producers liquid standard litre price to 24ppl for 80% of the A milk, the remaining 20% B price is based on skim and cream market returns which are now much improved and at the moment stable to firm.

07/07/20

Muller Direct to stand on until 1st August

This maintains producers liquid standard litre price at 25.25ppl plus 1ppl to 26.25ppl for farmers who qualify for the Muller Direct Premium.

07/07/20

Paynes Dairies to stand on until 1st August

This maintains producers standard liquid litre price at 25.0ppl.

07/07/20

Grahams Dairies (Liquid/Scotland) to stand on until 1st August

This maintains producers standard liquid litre price at 25.5ppl.