Friday 4 February 2022
UFU MPI: 42.08ppl (was 41.13ppl) – Majority of global dairy commodity prices continue to rise. GDT Index in New Zealand up four-point-one percent to $4,630, its highest level since March 2014. WMP up five-point-eight percent to $4,324/tonne and cheddar up two-point-four percent to $5,684/tonne. Dutch Dairy Board/ZuiVelNL saw WMP up €160/tonne in last fortnight to a record €4500/tonne. Only butter bucked the trend and weakened slightly to €5950/tonne.
Friday 21 January 2022
UFU MPI: 41.13ppl (was 39.70ppl) – Three milestones were reached this week. Firstly, Global Dairy Trade (GDT) in New Zealand marked its 300th Trading Event with its all product index rising four-point-six percent to $4,463, the largest increase since 2 March 2021. Secondly, ZuivelNL (Dutch Dairy Board) this week saw all dairy commodity prices increase with SMP (food grade) up €120/tonne to €3580/tonne and WMP up €70 to €4340/tonne, so aside from butter, Dutch dairy commodity prices now at the highest since records began. Finally, and most significantly of all, the UFU MPI has tipped the 40p per litre mark for the first time in its history.
Friday 7 January 2022
UFU MPI: 39.70ppl (was 39.84ppl): GDT in New Zealand up nought-point-three percent, with cheddar up four-point-nine percent to $5487/tonne. Dutch prices (ZuiveNL) saw butter rise €50 to €6120/tonne, Skimmed milk powder (feed grade) up €20 to €3380/tonne and whey powder hitting a new high of €1220/tonne, up €30 in last two weeks. MPI tempered by sterling hitting highest level against the euro since February 2020 and also gaining ground against the US dollar.
Friday 24 December 2021
UFU MPI: 39.84ppl (was 38.57ppl) – Surge in dairy commodity prices continues as we reach the end of the year, despite a slight slip in the GDT index in New Zealand. Dutch Dairy Board/ZuivelNL increased all of their official dairy commodity prices to new highs in the last fortnight. Butter is up €480 to €6,000/tonne, WMP up €220 to €4,240/tonne and SMP (food) is up €130 to €3,370/tonne. This major increase in butter means that UK prices are currently between £4700-£4800/tonne. Also significant for Northern Ireland cheese continues to be very strong; Mozzarella now £3425/tonne; Cheddar continues to soar, now £3700/tonne.
