The war between Russia and Ukraine drives up UK milk prices

UK-based fluid milk processor Freshways has become the first to declare a standard price of 40 pound cents (52.75 cents) per liter for May, but it remains unclear whether the high price will incentivize consumers. producers to increase production. This is because costs are rising faster than the market can respond, leading to tighter cash flows as well as the ongoing issue of finding quality labor for progressive dairy units. In a letter to suppliers and customers, managing director Bali Nijjar said that, whenever contractually possible, the fee of 40 pound cents (52.75 US cents) per liter would be paid by some Freshways customers within a shorter and this would be passed on to producers in the April price. Nijjar encouraged milk suppliers to produce B liters, which are currently worth about 49 pound cents (64.62 US cents) per liter and said the industry is in "truly unprecedented times". Dairy market analyst Chris Walkland said it was unusual for a processor like Freshways to ...