Last Friday Kerry announced it was increasing its milk price for May by 1c/l after other processors had pulled support payments. Lakeland cut its support payment and held its base price of 30.15c/l excluding VAT for May supplies. Glanbia cut its co-op top-up from 2c/l to 1c/l, meaning its farmers will receive 28.5c/l.
Carbery followed suit, cutting 1c/l from its support payment. Arrabawn, Dairygold and Lac Patrick pulled support payments, but Dairygold increased its base price by 1c/l.
Aurivo increased its base price by 0.5c/l, which is the first Aurivo base price increase since September. Following the large tender of SMP and butter this week, IFA’s Tom Phelan has called on milk processors to reflect the positive commodities trade with a strong milk price.
ADVERTISEMENT
“The price reached by butter and SMP in the auction, in combination, would return an Irish milk price equivalent of 33.5c/l including VAT, after deduction of a nominal 5c/l processing cost,” Phelan said.
The ICMSA has called on processors to use the Ornua Purchase Price Index which it says “translates directly across to 31.4c/l and that is the benchmark that we would draw attention to now: who’s at that mark, who’s ‘north’ of it and whose ‘south’ of that price”.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Last Friday Kerry announced it was increasing its milk price for May by 1c/l after other processors had pulled support payments. Lakeland cut its support payment and held its base price of 30.15c/l excluding VAT for May supplies. Glanbia cut its co-op top-up from 2c/l to 1c/l, meaning its farmers will receive 28.5c/l.
Carbery followed suit, cutting 1c/l from its support payment. Arrabawn, Dairygold and Lac Patrick pulled support payments, but Dairygold increased its base price by 1c/l.
Aurivo increased its base price by 0.5c/l, which is the first Aurivo base price increase since September. Following the large tender of SMP and butter this week, IFA’s Tom Phelan has called on milk processors to reflect the positive commodities trade with a strong milk price.
“The price reached by butter and SMP in the auction, in combination, would return an Irish milk price equivalent of 33.5c/l including VAT, after deduction of a nominal 5c/l processing cost,” Phelan said.
The ICMSA has called on processors to use the Ornua Purchase Price Index which it says “translates directly across to 31.4c/l and that is the benchmark that we would draw attention to now: who’s at that mark, who’s ‘north’ of it and whose ‘south’ of that price”.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS