Farm Ireland
Independent.ie

Sunday 26 February 2017

Milk price rises for dairy farmers across Europe

Margaret Donnelly

Margaret Donnelly

Two large dairy processors have increased their November milk prices in recent days.

One of the world’s largest co-ops, FrieslandCampina has  increased its guaranteed price for raw milk for November 2016 at €33.00/100kg of milk. The guaranteed price for November is an  increase of  €3.75 compared to October.

However, it says that part of the €3.75 increase (0.30c) is a correction on too low estimated prices in the past few months. It says that the positive development of the milk price is caused by increasing quotations, mainly for cheese and butter.

Meanwhile, in the UK, First Milk has confirmed a price increases for November.

Its milk price increases range from 1.22p/L for its Scotland pool, to 1.41p/L for its Midlands pool. Its  Haverfordwest and Lake District pools has an increase of 1.33p/L.

The company had previously announced a 5ppl increase in its B milk price increase for November.

Its Chairman Clive Sharpe said that it is also forecasting an increase in its December milk price, of 1p/L.

The milk price increase come as the European farming body Copa & Cogeca has said milk prices across Europe are at critical levels for the past 2.5 years and called on European countries which had not paid out their share of the €350m aid package to do so.

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It comes as EU milk production has dropped by 2% in June compared to the same time in 2015 and by 1.4% in July and it is expected to go down further until the rest of the year.

Online Editors