This takes members’ standard liquid litre price to 28ppl. The 28ppl includes the 0.5ppl Muller Direct Premium and the 1st January price matches the 28ppl Muller Direct Fixed Price Contract option, which cushions against volatility for which more than 230 of 700 Muller Direct farmers have committed up to 50% of their annual output.
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This takes members’ standard liquid litre price to 28.75ppl.
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An Arla Organic members milk price increase for liquid of 1.72ppl takes the standard liquid litre price to 42.71ppl and the 1.79ppl manufacturing increase takes the standard manufacturing litre price to 44.43ppl. Both prices exclude the derogation penalty of 3 Euro cents/litre. Note, this Arla members organic milk price increase only applies to GB members with mainland Europe Arla members organic milk price unchanged for December.
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Arla have announced what should be the final 2018 milk price announcement which is a 0.86ppl standard liquid litre milk price reduction (0.89ppl reduction based on the standard manufacturing litre). This takes producers’ standard liquid litre price to 30.35ppl and 31.57ppl based on the manufacturing standard litre.
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Pensworth will cease processing its producer’s milk in Southampton and will enter into a contract/toll processing agreement with Medina (80%) and Wells Dairies (20%). The deal with Medina (AKA Watsons Dairies) includes TUPE transfer of existing Pensworth employees which is good news for safeguarding a significant number of jobs. Pensworth have enjoyed a period of business growth which during the past two years has seen 48% growth valued at more than £20 million and gives the existing surplus liquid processing capacity it makes sense for them to toll process and not invest in shiny metal which for some is proving to be a disaster if not terminal.
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Its grim following the GDT Auction results where for the 12th consecutive auction there has been no upward price movement recorded. Last weeks auction saw the average all products price down 3.5% to average US $2727 tonne. Notable movers were: Butter down 9.6% to average $3637 (a two year low) WMP down 1.8% to average $2599 (a two year low and 9 consecutive WMP auction falls) SMP down 1.
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Around 700 Muller non aligned conventional and organic suppliers now have the opportunity to participate in three new herd health and cow welfare standard programmes from January 1st in return for which they will be paid on additional 0.5ppl in January 2020 subject to compliance. Payments will be made for all months producers participate and qualify for the premium and compliance for a full 12 months of 2019 is not a pre requisite to obtaining any payment.
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This takes producers standard liquid litre price to 28.5ppl. (www.milkprices.com)
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Ian’s contribution is certain to be enlightening, lively and honest. Speakers Rory Christie - Dairy Farmer Tom Hind - Chief Strategy Officer at AHDB Roddy McLean - Director of Agriculture, Royal Bank of Scotland Ian Potter - Industry Commentator and PIA
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It has had Landrover dealer fitted genuine full 7 seat interior so identical to a normal car. Commercial registered van, so fully vat reclaimable running costs are business expenses annual road tax around £220 a year. 96,600 miles. Brand new set tyre just fitted. Fully valeted. Host of extras. £19,500 + VAT. Location Yorkshire. For further details email ianpotter@ipaquotas.
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The name Roddas = Clotted cream and their luxury product is now heading for China following this week’s Food & Hotel China exhibition in Shanghai.
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For the year ending December 2017 Freshways have recorded a pre-tax loss of £4.2m compared to a £1.9m profit in the previous year. It’s an eye watering swing of £6.1m in only 12 months. Freshways bank borrowings were up 28% to £14.8m. Of more concern is the fact Freshways still has an ongoing HMRC investigation. Whilst these figures are not good news and highly unlikely to be reversed in the current year Freshways have significantly more security and collateral than many others in the same sector.
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