this is div id="printarea" hardcoded in Layout.cshtml

In publishing and graphic design, Lorem ipsum is a placeholder text commonly used to demonstrate the visual form of a document or a typeface without relying on meaningful conten

below tandart print area (defined by @media print in AHDBprojectblue.less)

Weekly dairy market update (4 - 7 May)

Thursday, 7 May 2020

By Patty Clayton

Although we appear to be very near the peak in production, the market has not moved significantly from last week. The active reduction in production by GB farmers, strong retail sales, the relaxing of lockdowns in some EU countries, and the opening of PSA have all helped to improve the supply/demand balance on the market.

Spot milk prices moved down slightly through the week on the back of higher availability. Early in the week, prices in the 20ppl range were obtainable, but this dropped closer to 15-16ppl as the week progressed.

Cream was readily available, but improved demand helped prices move up through the week.  Trades were reported in the range of £0.90/kg - £0.98/kg.

More buyers have returned to the market, increasing demand for the second half of the year, although demand recovery is said to be gradual and slow. The opening of PSA will also have added some support to the markets, shifting buyer expectations on stock availability.

Trade in bulk butter improved this week, supported by both domestic retail demand and more interest from the continent. Quoted prices ranged from £2,350-£2,450/tonne with buyers reported to be more active.

Skim milk powder (SMP) prices remained stable, at £1,650/tonne on average.  Buyers remain bearish due to the expectation of plentiful stocks, although PSA has added some support with manufacturers able to take some stock off the market.

Patty Clayton

Lead Analyst - Dairy

Sign up for regular updates

You can subscribe to receive Dairy market news straight to your inbox. Simply fill in your contact details on our online form and select the information you wish to receive.

Visit the Keep in touch page

More Dairy market news