Mintec assessed its Mintec Benchmark Prices for Spot Fresh Milk >3.5% Fat Delivered UK at 30p/litre, down 3p/litre from the previous assessment. Two trades were heard on 21 July, the first at 33p/litre in the morning, and the second in the afternoon at 30p/litre, with market participants noting that the market was easing throughout the day, leading Mintec to assess at the trade which occurred closer to the assessment close as per the methodology, and in line with market indications at the 16:00 UK cut-off.
No data were excluded from the assessment.