Price down
United Milk has confirmed its June milk price is down, at 18.7 pence per litre compared to May's 19ppl.
Direct suppliers to the organisation's Westbury processing plant will now receive the price for milk delivered in June. The liquid contract will be 17.95 ppl.
Peter Bennett, milk procurement director, stressed: "United Milk is maintaining its policy of returning market-related prices to its suppliers."
PTF Positive
It's been a busy but positive year for members of the Provision Trade Federation, according to its chairman John Howard.
In a report at the PTF's annual general meeting this week, he said consolidation had taken a toll on the organisation, particularly in the chilled and processed meats, canned foods and yogurts sectors, which have shrunk as a result.
The PTF must also look at additional sources of income for the future, said Howard, as well as keeping costs under careful review.
In bacon, despite currency difficulties, the mood was optimistic while in dairy Howard reported that prices had recovered from last year and export was looking bright.
On the mid-term review of the CAP, Howard said: "From a simplistic viewpoint, it can be described as a step in the right direction, but perhaps not a great step for mankind.
"The NFU welcomed it and our members can probably live with it."
Dairy firming
The dairy markets are looking slightly firmer this week.
There have been positive indications in the past month from EU dairy market prices, and some increases have been recorded across all sectors except cheese.
This is partly due to the normal seasonal decline in milk production but there are also signs that market offtake is also holding up well despite the general economic gloom.
However, in the cheese market, continental prices for hard and semi-hard cheeses remain at depressed levels and are not expected to recover until the autumn.
The Cheddar market in the UK, meanwhile, is getting firmer as stocks continue to fall. Mild cheese is now selling at around £2,000 per tonne.
Butter prices throughout the EU have moved up by nearly 2% in recent weeks.
25% hike
Soaring meat prices in Brazil are giving corned beef canners serious problems.
Talk of production being curtailed means UK importers are concerned that shipment delays will occur and with heavy promotional activity planned for August and September, retailers will be watching the situation closely.
Canners have been losing money at the $13.00 fob level on which most of the earlier deals were done. An importer said: "No-one is offering, but indications are that $16 will be the next level for 24 x 340g." Even at today's exchange rate, this will mean sterling prices rising by 25%.
{{MARKET EDGE }}
United Milk has confirmed its June milk price is down, at 18.7 pence per litre compared to May's 19ppl.
Direct suppliers to the organisation's Westbury processing plant will now receive the price for milk delivered in June. The liquid contract will be 17.95 ppl.
Peter Bennett, milk procurement director, stressed: "United Milk is maintaining its policy of returning market-related prices to its suppliers."
PTF Positive
It's been a busy but positive year for members of the Provision Trade Federation, according to its chairman John Howard.
In a report at the PTF's annual general meeting this week, he said consolidation had taken a toll on the organisation, particularly in the chilled and processed meats, canned foods and yogurts sectors, which have shrunk as a result.
The PTF must also look at additional sources of income for the future, said Howard, as well as keeping costs under careful review.
In bacon, despite currency difficulties, the mood was optimistic while in dairy Howard reported that prices had recovered from last year and export was looking bright.
On the mid-term review of the CAP, Howard said: "From a simplistic viewpoint, it can be described as a step in the right direction, but perhaps not a great step for mankind.
"The NFU welcomed it and our members can probably live with it."
Dairy firming
The dairy markets are looking slightly firmer this week.
There have been positive indications in the past month from EU dairy market prices, and some increases have been recorded across all sectors except cheese.
This is partly due to the normal seasonal decline in milk production but there are also signs that market offtake is also holding up well despite the general economic gloom.
However, in the cheese market, continental prices for hard and semi-hard cheeses remain at depressed levels and are not expected to recover until the autumn.
The Cheddar market in the UK, meanwhile, is getting firmer as stocks continue to fall. Mild cheese is now selling at around £2,000 per tonne.
Butter prices throughout the EU have moved up by nearly 2% in recent weeks.
25% hike
Soaring meat prices in Brazil are giving corned beef canners serious problems.
Talk of production being curtailed means UK importers are concerned that shipment delays will occur and with heavy promotional activity planned for August and September, retailers will be watching the situation closely.
Canners have been losing money at the $13.00 fob level on which most of the earlier deals were done. An importer said: "No-one is offering, but indications are that $16 will be the next level for 24 x 340g." Even at today's exchange rate, this will mean sterling prices rising by 25%.
{{MARKET EDGE }}
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