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World Milk prices rise again over production costs

10:11  29 july  2022
10:11  29 july  2022 Source:   bbc.com

Why you shouldn't cook oatmeal in milk

 Why you shouldn't cook oatmeal in milk The first meal of the day is incredibly important. It ensures the necessary energy and power. Oat flakes are ideal here, but in milk you should not cook them © istockphoto therefore no milk! IStockphoto "breakfast like an emperor" - this saying is now old, but still applies! Breakfast should be the most rich or nutritious food of the day because it supplies the body with energy and brings throughout the day. Everyone starts the morning with different breakfast variants.

The price of Manx milk is set to go up for a second time this year due to rising costs in the dairy industry, the Isle of Man Creamery has said.

The price of a litre carton will rise by 20p from Monday © BBC The price of a litre carton will rise by 20p from Monday

When the 15% rise comes into force on Monday, a 500ml carton will increase from 65p to 75p, while a litre will rise by 20p to £1.35.

It follows an 8% hike implemented in April.

Managing Director Findlay Macleod said the cost of producing milk had risen by 60% so far this year.

Most of the island's local milk is processed by the creamery, which operates as a cooperative.

'Trying times'

Retail prices for milk on the island are set by the Milk Marketing Committee, which is chaired by the Minister for Environment, Food and Agriculture and includes representatives from the Office of Fair Trading and the National Farmers' Union.

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  Coffee lovers can expect a price rise as dairy farmers get more for their milk It's good news for dairy farmers, but coffee drinkers will need to fork out more for their favourite blend.On the back of milk price rises, cafes near you may be looking to charge more for a cup of coffee.

Mr Macleod said world events had "greatly impacted the costs we are facing in both the farming and manufacturing and processing elements of our business".

The cost of fertilizer, fuel and animal feed have all risen, and the cooperative "needs to pay the farmers more for each litre of milk they produce in order for them to keep their businesses and the industry operating", he said.

Mr Macleod said increasing the retail price would "help all local milk suppliers and the wider dairy industry navigate these extremely trying times".

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