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Article: Cheddar prices crash as supply exceeds demand: high volumes of Mild Cheddar lead to 20-year low in prices. (Dairy).(Brief Article)
- Article from:
- Grocer
- Article date:
- May 11, 2002
CopyrightCOPYRIGHT 2002 William Reed Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Cheddar prices in the UK market have come under renewed pressure in the past month as available supplies exceed normal demand.
From levels of about 2,300 [pounds sterling] per tonne for Mild cheese last September, prices had already dropped 24% by early April to about 1,750 [pounds sterling] per tonne.
Market reports over the past two weeks indicate prices have now crashed by at least a further 100 [pounds sterling] per tonne to levels not seen in the UK since the 70s and 80s.
The pressure of excess stocks results from the high levels of Cheddar made throughout 2001 and the early months of this year, both in the UK and Ireland.
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