First Milk to hold its member milk price
This means the standard liquid litre price for May will remain at 26ppl and based on a manufacturing standard litre will remain at 26.88ppl.
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Cheese exports up 23%
According to AHDB Dairy UK cheese exports increased by 23% in 2017 compared to 2016 with a value in excess of £615 million involving in excess of 170,000 tonnes. The majority was exported from the UK to the EU27, in particular to Ireland, France and Holland.
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Relief for all as Arla confirm no further price cut for May deliveries
Arla members conventional standard liquid litre milk price for May will be a stand on at 26.39ppl and based on a manufacturing standard litre equates to 27.43ppl. However, for members supplying organic milk the supply continues to increase consequently UK members will see a 0.88ppl (1 Euro Cent) reduction taking the standard liquid litre to 40.43ppl and based on a manufacturing standard litre equates to 42.
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400 million Euro cost saving target over 3 years for Arla
Arla has publicised its “calcium” cost cutting programme where the aim is to reduce cost by an eye watering 400 million Euro and the target is for 300 million (£263 million) of these savings to be returned to its 11,200 farmer members with the remaining 100 million Euros of savings to be re-invested in the business. This equates to an extra £23,500 per member assuming the savings targets are achieved.
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1.5ppl milk price drop for suppliers to Tomlinson’s Dairies – from April 1st (PRODUCER NOTIFIED)
This takes producers’ liquid standard litre price to 26ppl. The price for May deliveries will be held at 26ppl.
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1.5ppl milk price reduction for suppliers to South Caernarfon Creameries – from 1st May
This takes producers’ manufacturing standard litre price to 27.53ppl and based on a liquid standard litre price to 26.64ppl.
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1ppl milk price reduction for suppliers to Crediton Dairy – from 1st May
This takes producers’ liquid standard litre price to 27ppl.
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0.88ppl milk price reduction for suppliers to Muller Co-operative Group (CTRG) – from 1st May
This takes producers’ liquid standard litre price to 27.99ppl.
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0.6ppl milk price reduction for suppliers to Waitrose – from 1st May
This takes producers’ liquid standard litre price to 30.94ppl.
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0.32ppl milk price increase for Tesco (TSDG) suppliers – from 1st May
This takes producers’ liquid standard litre prices to 29.84ppl Muller Milk Group 29.59ppl Arla suppliers The price adjustment is based on the quarterly cost tracker review.
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Muller Directs option to fix up to 50% of their milk at 28ppl for 3 years
This is a very interesting initiative between Muller and Lidl we previously featured and certainly ups the anti on fixed price contracts and ex-farm gate milk price volatility management. The farmer uptake at 28ppl for 3 years will be very interesting to monitor but you would expect it to be high, if not over subscribed.
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GDT bounces up and Intervention stock of SMP diminish
Tuesday’s GDT auction saw the average price increase by 2.7% to $3587/tonne, which is the first increase in 2 months where the previous four auctions have all recorded consecutive falls. All products offered for sale recorded gains. Notable movers were: Cheddar up 4.6% to average US$3855 tonne SMP up 3.6% to average US$1913 tonne Butter up 2.9% to average US$5654 tonne WMP up 0.
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