May 28, 2010

 

Daily UK milk output lags behind

 

 

Daily UK milk deliveries peaked at 40.1 million litres on May 8, a week later than last year's peak, according to reports.

 

Although milk deliveries were below the three-year average of 40.3 million litres, they were 700,000 litres or 1.8% higher last year's peak.

 

Daily milk deliveries averaged 39.6 million litres for the first 15 days of May, 1.3% (500,000 litres a day) above the same time last year but 500,000 litres a day (1.2%) below the three-year average.

 

Meanwhile, the latest United Dairy Farmers milk auction in Northern Ireland sold a total of 52 million litres at an average price of 26.53p/litre - 0.45p/litre up on last month. This was the highest May price in the past 10 years and 38.2% above the same time last year.

 

The higher prices reflected improving global wholesale markets and growing optimism for cheddar prices within the UK, said analysts. "It is therefore likely that competition for milk supplies was strong in the auction, with buyers seeking to fill manufacturing plants in order to take advantage of market opportunities," analysts said.