Thursday, 4 January, 2018
The latest MPI is 26.18 pence per litre. The main driver has been the price of mild cheddar, despite UK stocks remaining tight. MCVE (Milk for Cheese Value Equivalent) fell 9% in December, with UK cheese is under increasing pressure from falling EU cheese prices. Mild Cheddar is reported down £265/tonne (8%) in December to an average £3,000/t.