While the dairy market has experienced its fair share of volatility over the last few years there is also the ongoing Brexit negotiations to deal with! Politicians in both UK and Europe still seem to be in great uncertainty about what the eventual outcome will be.
The drama surrounding Theresa May’s decision to delay the parliament vote hasn’t helped the currency this week and the euro went immediately back to around the same level against the pound from early 2017. The impasse is of particular importance to the European dairy industry as the UK is a huge importer of cheese and butter especially. Hopefully sense will prevail eventually and we will have a sensible deal that will suit all parties and common logic suggests this will be the case despite the current hysteria. However, the way negotiations have gone so far are not doing anybody any favours so we’ll hold the page for now.