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Several major UK milk processors are holding farmgate prices steady after successive monthly cuts, as wholesale dairy values recover. The Ampe rose 2.7 pence to 32.8 pence per litre in February.
GB milk deliveries passed 35 million litres a day in late February, 3.7 percent above the previous year.
Stabilising wholesale values allow processors to stop cutting farmgate prices, though record milk output continues to cap any rebound. Prices are likely to stay at low levels in the near term.
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Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.