Lidl renege on German milk price hike
Confirmation that there are indeed downward pressures on the price of milk came from Lidl,which has backtracked on its German milk price increase.
Writing in his weekly news bulletin, milk quota trader and industry commentator Ian Potter states: "The German-sparked European milk strike was cancelled a few weeks ago on the understanding that the discounter, Lidl was to raise milk prices in its 3000 stores by 10 euro cents per litre.
"But having succeeded in calling off the blockade and boycott Lidl has announced the increase will be reduced to seven euro cents per litre and has cancelled a planned increase for butter.
"At last week's European Dairy Farmers Congress, some German farmers claimed to be receiving as little as 26 or 27 euro cents per litre, slightly more than 20p per litre."
Writing in his weekly news bulletin, milk quota trader and industry commentator Ian Potter states: "The German-sparked European milk strike was cancelled a few weeks ago on the understanding that the discounter, Lidl was to raise milk prices in its 3000 stores by 10 euro cents per litre.
"But having succeeded in calling off the blockade and boycott Lidl has announced the increase will be reduced to seven euro cents per litre and has cancelled a planned increase for butter.
"At last week's European Dairy Farmers Congress, some German farmers claimed to be receiving as little as 26 or 27 euro cents per litre, slightly more than 20p per litre."
