The cheesemakers said it was pleased to announce a hold following consecutive monthly reductions
Barber’s has announced it will hold its milk price, delivering a Barber’s standard litre price of 28.20ppl for March.
The cheesemaker had announced consecutive price reductions through January and February as a result of ‘the accumulating market weakness and competitive pressures’ and said it was pleased it could now hold the price for March.
Looking to the markets, it highlighted the 380,000 tonnes of skimmed milk powder (SMP) which had now been sold off from EU intervention stocks.
As a result, wholesale dairy markets improved in early January, although these have trailed off as UK production continues at a 25 year high.
However, the latest wholesale market review record all dairy ingredient markets, apart from mature cheddar, have increased in mid-December to late January with AMPE up 2.75ppl during the month.