Bulk cream dipped slipped to £1,580 p/t from £1,600 (2010: £1,420 p/t). Both mild and mature cheddar held steady at £2,975 p/t and £3,200 p/t respectively. Mild cheddar stood at £2,800 p/t this time last year, while mature cheddar was £3,050 p/t. DairyCo said that milk production conditions had remained favourable across most of the UK, leading to a continued increase in year-on-year milk deliveries, following a rise of just under 2% in July.
"UK markets have been particularly quiet since mid-July and this, accompanied by a good volume of milk supplies, has put some downward pressure on most commodity market sectors," said the report.