Milk prices are well and truly on the increase in Britain as processors respond to the sharp downturn in milk supplies there since the beginning of June – down by 8% to 10% compared with the same period of 2015. That drop in production during June and July has brought a significant boost to spot prices for milk and cream and prompted several dairy processors in Britain to announce price rises for milk to be supplied in August and September.
In Britain, Glanbia Cheese has announced increases of 0.5p/l for July, 1p/l for August and 2p/l for September. This is from a relatively low base, given that the June price paid by Glanbia Cheese in Britain was 17p/l for milk from a supplier of one million litres per year with 4.2% butterfat, 3.4% protein, somatic cell count below 250,000 and bactoscan under 50,000. That was 2.5p/l below the June price paid in Northern Ireland for comparable milk.