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Dairy market facing ‘substantial’ price increases

18th Jul 2017 - 07:00
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The price of cheese is set to rise by up to 30% as part of an all-round increase in the cost of dairy products, according to purchasing company, Beacon.

The rises are due to what Beacon says is an increased European demand for young dairy products such as butter and mozzarella, as well as the impact from recent currency fluctuations.

According to figures from DEFRA, the price of milk has increased by 35% from the same period last year, while butter prices also have also risen.

Paul Connelly, Beacon managing director, said: “As a result of increased desire for younger dairy products, and varying currency fluctuations, dairy manufacturers are really beginning to feel the hit. Many manufacturers and suppliers have absorbed price increases for some time, but this is no longer possible.

“The impact of this is now being felt in the UK, with cheese manufacturers pushing prices beyond those experienced in the last quarter of 2016, with forecasters indicating that they are set to remain high for quarters three and four of 2017.

“For the foreseeable future, cheese lovers should prepare to pay more for their favourite dairy products.”

 

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