For the first time since autumn 2017, base milk prices in NI have broken the 30p/l barrier.
Dale Farm increased its base price by 0.25p/l for August, which along with the co-op’s 0.3p/l loyalty bonus, puts its suppliers on a starting price of 30.05p/l. However, other processors have remained just shy of the 30p/l mark.
Lakeland Dairies was the first to set a price, adding 0.3p/l bringing its base to 29.5p/l. Outside of winter bonuses, it is the highest monthly base price paid by NI’s largest processor since September 2017.
As we move into the autumn, prices are set to be higher than the most recent peak seen in December 2017
The largest price increase came from Strathroy. The Omagh-based processor has raised its base by 0.5p/l, bringing it also to a price of 29.5p/l.
Glanbia Cheese added 0.25p/l for August, taking suppliers to a starting price of 29p/l, while Glanbia Milk/Fivemiletown decided to hold its August price at 29.5p/l.
As we move into the autumn, prices are set to be higher than the most recent peak seen in December 2017. Back then, with winter bonuses added in, all processors were on a starting point above 30p/l.
However, it is only a couple of months ago that there were indications from within the trade of a potential downward correction in milk prices this autumn. But since then dairy commodity markets have responded strongly, as reflected in the latest UFU Milk Price Indicator, which has risen 0.86p/l to 31.87p/l, the largest single increase since February 2021.
Read more
Watch: Dairylink participant Richard Marshall's virtual farm walk and talk
Moorepark: improving nitrogen use efficiency and reducing nitrogen surpluses
For the first time since autumn 2017, base milk prices in NI have broken the 30p/l barrier.
Dale Farm increased its base price by 0.25p/l for August, which along with the co-op’s 0.3p/l loyalty bonus, puts its suppliers on a starting price of 30.05p/l. However, other processors have remained just shy of the 30p/l mark.
Lakeland Dairies was the first to set a price, adding 0.3p/l bringing its base to 29.5p/l. Outside of winter bonuses, it is the highest monthly base price paid by NI’s largest processor since September 2017.
As we move into the autumn, prices are set to be higher than the most recent peak seen in December 2017
The largest price increase came from Strathroy. The Omagh-based processor has raised its base by 0.5p/l, bringing it also to a price of 29.5p/l.
Glanbia Cheese added 0.25p/l for August, taking suppliers to a starting price of 29p/l, while Glanbia Milk/Fivemiletown decided to hold its August price at 29.5p/l.
As we move into the autumn, prices are set to be higher than the most recent peak seen in December 2017. Back then, with winter bonuses added in, all processors were on a starting point above 30p/l.
However, it is only a couple of months ago that there were indications from within the trade of a potential downward correction in milk prices this autumn. But since then dairy commodity markets have responded strongly, as reflected in the latest UFU Milk Price Indicator, which has risen 0.86p/l to 31.87p/l, the largest single increase since February 2021.
Read more
Watch: Dairylink participant Richard Marshall's virtual farm walk and talk
Moorepark: improving nitrogen use efficiency and reducing nitrogen surpluses
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