Winter bonus payments across the main milk buyers in NI are to remain the same as last year.Taking base prices at their current level, most farmers will receive a milk price in excess of 30p/l this winter before further payments on milk quality and volume are applied.
Winter bonus payments across the main milk buyers in NI are to remain the same as last year.
Taking base prices at their current level, most farmers will receive a milk price in excess of 30p/l this winter before further payments on milk quality and volume are applied.
Dale Farm
Dale Farm will pay an additional 2p/l on all milk delivered during October, November and December.
It will also pay an extra 4p/l during the same three months on all additional litres above the volume supplied during the corresponding month in 2015.
Additional
Glanbia Cheese will also pay an additional 2p/l to suppliers for all milk delivered in October, November and December, with LacPatrick paying a winter bonus of 3p/l in October, 2p/l in November and 1p/l in December.
Lakeland will pay its usual 3p/l on all milk delivered during the months of November and December.
Aurivo will repeat its winter bonus payments from last winter by paying 2p/l for both October and November milk, reducing to an additional 1p/l in December and January.
Finally, Strathroy will offer suppliers an additional 1p/l on all milk supplied during the five-month period from October to February.
GDT
After some downward pressure on prices at the last five GDT auctions, prices rebounded this week albeit with a small increase of 0.3%, bringing the index price to US $3,323/t.
At current exchange rates, this converts to 34p/l before applying any processing costs.
Butter prices rose by 3.8% to US $5,954/t with skim milk powder falling 1.2% to $1,944/t.
Whole milk powder fell 1.6% to $3,100/t.
MPI
Last week, the Ulster Farmers’ Union published its latest milk price indicator (MPI), which increased to 33.14p/l, up from 32.76p/l in mid-August. Meanwhile, UK farmgate milk prices for July averaged 27.78p/l, up by 1.03p/l on June and 6.99p/l higher when compared with July 2016.
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