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Get your free copy01 March 2013, 10:36 AM
- The price of mild Cheddar is on the rise due to a shorter supply of milk
Wholesale prices rose to £2,975 per tonne in January, an increase of £50 per tonne (1.7%) from December.
Cheddar production is usually lower during the autumn due to lower milk production, but high spot milk prices and a poor yield throughout the whole of last year are diverting even more milk away from cheesemaking.
It has also been affected by the weakening of the UK pound against the Euro, which increased the price of imports.
A representative for DairyCo said, “With farmgate prices increasing from October through to December, cheese manufacturers would have faced increasing costs when rebuilding diminished stocks.
“If mild Cheddar prices continue to move up, as manufacturers attempt to recoup the higher cost of production, this could put upward pressure on mature Cheddar prices as well, which have not changed for 18 months.”
