IAN POTTER ASSOCIATES 18th October 2010 Specialist Agricultural Quota & Entitlement Brokers Telephone 01335 324594 Fax 01335 324584 Website www.ipaquotas.co.uk Email [email protected] Issue No. 595 Today Last Week Change 4 Weeks Ago 1 Year ago

Clean 0.30ppl 0.30pl - 0.30ppl 0.40ppl AMPE 29.80ppl 29.60ppl 23.00ppl MCVE 30.09ppl 30.03ppl 26.20ppl Producers in 11,183 11,206 11,607 E & W £ : $ 1.60 1.59 +0.01 1.57 1.67 £ : € 1.14 1.14 1.18 1.12 Crude Oil $84 $84 $74 $72 Wheat £165 £159 +£6 £165 £99 Soya meal £291 £273 +£18 £288 £290 (Commodity and currency prices – source BOCM Pauls) . New executioner at Arla Ash Amirahmadi, who is currently Arla’s Vice President for milk and cream marketing has been promoted to Head of Milk Procurement from 1st November, following Hanne Sondergaard’s return to Arlas HQ in Denmark. Ash will also take Hanne’s seat on the board of AFMP.

The Arla press release stated “Ash will be responsible for the UK business milk sourcing strategy and its execution.” At least some things in Arla do not change assuming this reference is connected to price execution.

1.42ppl increase in Average milk price The DEFRA average exfarmgate milk price for August 2010 stands at 24.68ppl which is a 1.41ppl (6.1%) increase on the August 2009 figure of 23.27ppl.

24 hour delay in futures trading NYSE Liffe SMP futures contract trading launch has been delayed by 24 hours due to a software problem which will be fixed this evening. Trading will commence tomorrow morning, Tuesday 19th October.

New Welsh dairy Tomlinson’s Dairies of Wrexham have confirmed plans to build a new Welsh liquid milk processing dairy with 100 million litre capacity due to be up and running by autumn 2011.

The family run business currently process around 25 million litres collected from 30 local farmers.

Quota fraudsters now behind bars Two Italian men have been given a 3 ½ year holiday in jail following a successful prosecution where both were found guilty of evading around £20m of super levy, following a European Anti-Fraud Office investigation. Around £13.5 million of assets owned by the two men have been seized.

Yeo Valley Organic has the X Factor Organic milk processor Yeo Valley appears to be reaping the rewards following a brave move to take TV advertising space during the X Factor finals on ITV. The advert has been watched more than 500,000 times on you tube http://www.youtube.com/watch?v=eOHAUvbuV4o and is a top viewed video clip. It’s worth you all clicking on the link and listening to the 2 minute clip involving the rapping farmers. Congratulations to Yeo Valley.

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All views expressed in this bulletin are those of Ian Potter Associates and a shed load of dairy farmers. It is necessarily short and cannot deal with the various issues that arise in any detail. As a result it must not be relied on as giving sufficient advice in any specific case. Every effort has been made to ensure the accuracy of the content but neither Ian Potter Associates nor Ian Potter personally can accept liability for any errors or omissions. Professional advice must always be taken before any decision is reached