UFU - Ulster Farmers' Union
UFU - Ulster Farmers' Union
08/05/2022 | Press release | Distributed by Public on 08/05/2022 03:17
UFU milk price index
Friday, 5 August, 2022
Friday 5 August
UFU MPI: 45.14ppl (was 46.62ppl) - Dairy commodity markets remains subdued with many traders still on holiday, which means that any trade which does happen will take an exaggerated turn, seen last week with falls for whole milk powder and skim milk powder in Dutch markets. Yet this week every product remained unchanged, which illustrates how quiet markets are. Elsewhere GDT All Product Index in New Zealand slipped five percent to $3913 on the back of concerns relating to China.
Friday 22 July
UFU MPI: 46.62ppl (was 48.91ppl) - Dairy commodity/wholesale prices have weakened. DDB/ZuiveNL cut prices for all dairy products this week. Notable falls for butter and whole milk powder, down €150/tonne to €7,000 and €200/tonne to €4,700 respectively. In New Zealand, the GDT all product index was down five percent at $4,166. Any positivity in pricing is being driven by tight supplies but high retail prices are starting to weigh on retail demand for some dairy products. Kantar in a 12-week analysis confirmed that milk consumption is down six-point-six percent, yoghurt down seven percent, cheese down five-point-seven percent and cream down eight-point-six percent.
Friday 8 July
UFU MPI: 48.91ppl (was 48.86ppl) - Dairy commodity markets at a crossroads. Markets are quiet, yet negative market sentiment is leading to a slip in dairy commodity prices, as buyers have bought product they need. DDB Butter is €7150/tonne, £6,000/tonne in UK. Cream prices are on the up, trading around £2.85-£2.90 but powders are slipping, with Dutch WMP slipping €50/tonne to €5,100/tonne and SMP (food grade) down €40 to €3,920/tonne. DDB Whey price has weakened this week down €40 to €1000/tonne, which matches trends considering that SMP and whey normally go hand in hand. GDT all product index in New Zealand was back four-point-one percent at $4360.
Friday 10 June
UFU MPI: 48.72ppl (was 48.33ppl) - Dairy commodity prices are on the rise again. GDT all product index in New Zealand increased by one-point-five percent this week, after five previous decreases. In the last three-week period, there have been rises for Dutch butter (up €200/tonne to €7250 - now being sold in excess of £6,000/tonne in UK) and skimmed milk powder (SMP) (food grade) up €120/tonne to €4060 and SMP (feed grade) up €160 to €3,910/tonne. UK cheddar prices are continuing to rise, mild is now £4750/tonne with mature now hitting £5000 for the first ever time.