Commodity prices for SMP and butter continue to weaken in the forward and spot markets, which is of concern. However, the current spell of hot weather across Europe was the main talking point at this week’s Dairy UK Dinner and Seminar with most realising production is set to drop below forecast unless the weather changes. Spot milk is reflecting the mood of buyers with trade now at 35ppl and trending up on almost a daily basis.
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Lidl has signed a deal with Northern Ireland based co-op subsidiary Dale Farm to supply cheddar cheese to 8,000 Lidl stores in 22 countries, including the UK, Europe and USA. In turn Lidl is now Dale Farm’s biggest cheddar cheese customer. The co-op is the UK’s largest indigenous co-op with 1300 members. There will likely be one or more losers but we haven’t found out yet who they are and whether the cheese was made from UK milk.
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On the day Ash Amirahmadi takes up his position as top honcho in Arla UK (see story below) his co-op members will be in a UK milk league table champions league position with this latest increase. This takes the 1st July standard liquid litre price to 29.31ppl and based on a manufacturing standard litre to 30.5ppl with a clear hint that the expectation is for further increases to follow soon.
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This takes producers standard liquid litre milk price to 27.3ppl
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This takes producers standard liquid litre milk price to 29ppl
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This takes producers standard liquid litre milk price to 28ppl
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This takes producers standard liquid litre milk price to 26.95ppl
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This week’s GDT auction saw second consecutive average decline. Notable prices were: Cheddar down 3.6% to average US$3848 tonne SMP down 1.1% to average US$2003 tonne WMP down 1.0% to average US$3189 tonne Butter up 0.8% to average US$3488 tonne
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In last week’s bulletin we made a typo error when we quoted the new Sainsburys standard litre price as 24.48ppl when it should have been 28.48ppl. Apologies and the error was quickly corrected on our website www.ipaquotas.com/quotanews.htm
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The total offered in this month’s tender was 144,844 tonnes and the cheapest sold was at €1195 tonne, circa £1050. This leaves around 280,000 tonnes in store. Back in May 41,958 tonnes were sold.
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Danishman Thomas Pietrangeli will leave his position as UK MD of Arla UK in 10 days time to be replaced by Ash Amirahmadi, who has quickly risen through the Arla ranks since he joined the business in 2004 and is popular in many quarters. This is a seismic move by Arla, who for more than 10 years have always had one of 3 Danish rulers heading up Arla’s UK operation.
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This takes producers’ standard liquid litre price to 27.2ppl.
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