Saturday, 5 May, 2018

MPI – 28.27 pence per litre (up from 27.21ppl) – Butter rise continues with ZuivelNL prices up £100/tonne week,  and an increase of 20% in the last month.  GDT did see a slight slip (Index down 1.1%), but this was swallowed up by a fall in the Pound.  Sterling has struggled in the last 2 weeks falling by 5% against a resurgent US Dollar and 2.17% against the Euro.  Elsewhere, GDT saw Skimmed Milk Powder up by 3.6% and Cheddar up 3.1%.