Not sure about that. They went out of the industry for Peter humphries and Richard greenhalgh, who nearly broke FM and had to be paid a fortune to leave. Would have helped if the board had spotted that it was going wrong earlier mind. There have been other examples of where people from outside the industry have dazzled farmer owners, but been no better.Brexit in the UK, with the lockdowns/furlough, people have been thinking about where their food comes from, been trying new recipes, or even trying cooking, so perhaps the volume of milk lost in catering, has been used domestically, there doesn't seem to be that much spot milk sloshing around, the big question, what will happen when we have our rebirth, in june, will catering require it's normal amounts ? Will domestic trade continue at the same volume ? Will the spring flush swamp the mkt ? From news reports, the volume of trade, from EU, has markedly reduced, is domestic milk replacing EU cheese, butter etc, tariffs on UK product to USA gone ? will that increase trade with USA ?
Not sure i would like to be forward guessing the mkt, there are to many if's and but's, the only certainty is processors will have to be dragged by the neck, to increase price !
It's nice to see FM creeping up the price list, the only one of the three originals to 'survive' ! Everybody should be pleased at the way they dragged themselves from the sewer pit, and got back on track, the pertinent point, they went right outside of the industry, to find the 'right' man to do it.