See how many Irish processors pay above the average European milk price
Irish milk prices for August remain more than 1c/l below the average available from a selection of Europe's top processors but were ahead of the returns paid by major companies such as Arla and Friesland-Campina.
The review of August milk prices (VAT exclusive) found that Kerry Group, Dairygold and Glanbia were placed sixth, seventh and 13th respectively in a basket of 15 of Europe's leading milk processors.
Top price of 36.35c/l was paid by Italian processor Granarolo (North), while French company Danone (Pas de Calais) came in second at 30.98c/l. The survey's third-placed price of 30.41c/l was paid by another French dairy concern, Sodiaal (Pas de Calais).
Denmark's Arla Foods was placed 10th at 24.51c/l, while Dutch co-op Friesland-Campina at 24.24c/l was 11th.
Kerry was on 25.34c/l, while Dairygold was on 25.04c/l, with Glanbia on 23c/l. The Glanbia price did not include the 2c/l top-up that is paid by Glanbia Co-op to society members. The average milk price for the 15 processors included in the review was 26.19c/l.
The survey was undertaken by LTO Nederland, the Dutch Federation of Agriculture and Horticulture. The prices are VAT exclusive and for supplies in excess of 500,000kgs per year, at 4.2pc fat and 3.4pc protein.
Responding to the LTO findings, a spokesman for Glanbia said it did not compare "like with like" as it excluded the company's fixed price milk scheme, the Glanbia Co-op support payment and premiums paid on liquid milk.
European Milk Price (August C/L, VAT Exclusive)