Processors warn dairy markets are under pressure
Dairy processors are being accused of paying below market returns for milk, as they warn markets are under pressure.
Dairy processors are being accused of paying below market returns for milk, as they warn markets are under pressure.
Lakeland Dairies has announced it is holding its milk price for June.
IFA National Dairy Chairman Tom Phelan said the June PPI reduction of 1.6 points announced today by Ornua, which is equivalent to a milk price of 29.98c/L before VAT (31.6c/L incl VAT), still...
Global dairy prices slipped for the third time in a row at an auction held early on Wednesday, as the volume of product on offer climbed.
Dairygold has held its milk price for the month of May.
The Board of Aurivo has announced it is holding its milk price at 30.5c/L including vat for the month of May.
The shortfall between the Ornua PPI price-per-litre and the average price actually being paid by Irish Co-ops will cost the average milk supplier “around €2,000” over the peak production period,...
Lakeland Dairies and Kerry have both announced unchanged milk prices for May supplies
Glanbia has announced that it has held its milk price for the month of May.
The argument for a milk price rise to be announced by all Co-ops when they set May milk price is irresistible, the Chairperson of ICMSA’s Dairy Committee Ger Quain has said.
Global dairy prices sank for the second time in a row at an auction held early on Wednesday due to strong supply as prices eased off a long rally earlier in the year.
The GDT (Global Dairy Index) fell for the second time this year following a record gaining streak from December to May.
Domestic milk intake by creameries and pasteurisers was estimated at 946.7 million litres for April 2019, according to the CSO.
Dairy group Fonterra on Thursday said its New Zealand milk production fell 10pc in April from the year before as dry weather hit farms.
Glanbia Ireland said today that it paid approximately €1 billion, including VAT, for milk directly to 4,500 farmer suppliers in 2018.
Dairygold milk supplier Edward Donovan from Cloyne, East Cork was declared the overall winner of the 2018 Dairygold Milk Quality Awards which took place at Springfort Hall Hotel in Mallow on...
Global dairy prices slipped at a fortnightly auction held early on Wednesday, snapping a record gaining streak.
Aurivo today announced its April milk price, saying it will pay a base 30.5c/L - the same as for March milk.
Dairygold has announced that it is cutting its April milk price to 30.69c/L.
Kerry Group has announced its base price for April milk supplies at 30.5c/L (VAT inclusive).
Glanbia and Lakeland Dairies have both held their milk price for the month of April.
Milk processors right across the continent are paying a higher price for their farmers’ milk with the three major Irish companies languishing in the ‘relegation zone’ of the European Milk league...
Ornua’s Purchase Price Index has risen to 105.9 from 104.1 for April 2019.
New Zealand dairy group Fonterra Co-Operative Group Ltd said on Friday local milk production in March dropped 8pc year-on-year, but exports rose as Asian demand remained robust.
Farmers have called for a more consistent price for their milk after it was revealed that Kerrygold, has become the first Irish food brand to exceeded...
The Irish Farmers Association (IFA) has claimed that recent cuts to milk prices mean they are now at '1995 levels' and that dairy processors have some serious questions to answer.
Global dairy prices rose for a tenth consecutive time at a fortnightly auction on Wednesday, although prices for whole milk powder (WMP), the most-traded item, eased again due to lower...
Farmers have reacted with anger over the decision of Glanbia and Lakeland to cut their respective milk price.
Glanbia has announced that it will pay 30.5c/L for March milk supplies - down 1c/L on its February price
Kerrygold owner Ornua has said it faces an extra €23m in export costs into the UK market in the event of a crash-out Brexit where harsh tariffs are imposed.
The most recent Global Dairy Trade Index (GDT) has seen prices rise by 0.8pc.
Dairy group Fonterra said on Friday its New Zealand milk production in February was largely flat from a year earlier, while Australian production fell sharply in January due to dry weather.
Global milk output is unlikely to grow by more than 0.5pc during the first quarter of 2019, according to Ornua's latest market report.
Kerry Group has announced its base price for February milk supplies is 31c/L vat inclusive. Based on average February milk solids, the price return inclusive of vat and bonuses is 35.56c/L,...
The divergence in prices being paid by co-ops to milk suppliers has reached "unsustainable proportions", the ICMSA has warned.
Glanbia will pay its milk suppliers 31.5c/L (including VAT) for February manufacturing milk supplies at 3.6pc butterfat and 3.3pc protein, down from the 32c/L it paid for January milk.
Dairy giant Fonterra, cut its annual earnings outlook on Thursday amid challenging weather conditions in New Zealand and said it will not pay an interim dividend.
Milk prices look set to remain at 30-32c/l over the coming months, despite Brexit and potential weather volatility, according to Ornua.
Glanbia Ireland (GI) has launched a new two-year Fixed Milk Price Scheme (Phase 13) offering a milk price of 31.5 cent per litre (cpl) (including VAT).
Lakeland Dairies has held its milk price and will pay 32.06 cent per litre, inclusive of VAT and lactose bonus, for January milk supplies.
Glanbia will pay its Member milk suppliers 32 cent per litre (cpl) including VAT for January manufacturing milk supplies at 3.6pc butterfat and 3.3pc protein.
Domestic milk intake by creameries and pasteurisers was estimated at 253.1 million litres for December 2018, 23.2 pc above the corresponding 2017 figure.
Dairy company Fonterra on Thursday said total New Zealand milk production rose 4 percent in December from the same month a year earlier due to favourable weather.
The latest sale of Skimmed Milk Powder for EU intervention stores saw all Irish product removed from the system
Our Kerry Group base price for December milk supplies remains unchanged at 32cpl vat inclusive. Based on average December milk solids, the price return inclusive of vat and bonuses is 39.5cpl.
The second GDT (Global Dairy Trade) event of the year has seen prices rise for the fourth time in succession and has signalled a positive start to...
Glanbia and Lakeland Daries have held their milk price for December supplies while also issuing warnings to suppliers about pressures on the...
Farmers are very alarmed and concerned they continue to be left completely exposed to Brexit and there is absolutely nothing in the Government's Contingency Plan that would ally these fears...
Aurivo has become the latest processor to announce its November milk price, cutting it by 1c/L.
The ICMSA has accused Glanbia of paying its milk suppliers a top-up "with their own money" after Glanbia Co-op announced it was supporting November milk prices by 2c/l.
Global dairy prices had a slight increase at a fortnightly auction held today which comes on the back of prices rising for the first time in six months recently.
Glanbia has announced it is holding its price at 32c/L for November milk, by introducing a 'support payment' after cutting its base price.
Lakeland Dairies has reduced its milk price by one cent for the month of November.
Global trade in dairy products will grow at a significantly slower pace between now and 2030 than in the past decade, a new outlook report...
Global dairy prices rose for the first time in six months at a fortnightly auction held early on Wednesday as lower volumes of key products...
Dairy farmers made the most of high prices and fair weather increasing milk production in October by over 20pc.
Irish milk prices were almost 2.5c/l below the average paid by 17 of Europe's top dairies for September supplies.
LacPatrick has this evening announced its October milk price to its suppliers.
Lakeland Dairies has held its base milk price at 32.78 cents per litre including VAT for October milk supplies.
Analysis by the IFA Dairy Committee of co-ops’ milk prices had shown that most had failed to pass back the full value of the Ornua PPI since last May.
Total intervention Skimmed Milk Powder (SMP) sold to date by the European Commission is now around the 200k mark.
Global dairy prices dropped for the sixth time in a row at a fortnightly auction early on Wednesday as prices for a key product, whole milk powder, sank to a two-year low.
The Board of LacPatrick Dairies met on Friday to set a price for September milk.
Kerry milk suppliers will be able to forward sell up to 20pc of their milk next year, under the third 'forward milk price' scheme to be launched by the processor.
An increase of 10c/l for winter milk over last year is being sought by the IFA, as talks start with dairies on the 2018-19 price.
The Dairygold Board has today decided to maintain the base price paid for milk supplied...
Global dairy prices fell for the fifth time in a row at an auction early on Wednesday as supply remained robust from largest seller New Zealand and other areas of the world.
Kerry Group has announced its base milk price for September, keeping it unchanged from its August price.
Glanbia will pay its Member milk suppliers 32 cent per litre (cpl) including VAT for September manufacturing milk supplies at 3.6pc butterfat and 3.3pc protein.
Lakeland Dairies has held its base milk price at 32.78 cents per litre including VAT for September milk supplies.
Fonterra Group Ltd said on Wednesday it lowered its 2018-2019 guidance for its Farmgate Milk price due to a glut in global milk supply.
Global dairy prices fell for the fourth time in a row at an auction held early on Wednesday as ramped-up supply outpaced robust demand.
Milk producer Fonterra, said on Monday its New Zealand milk production rose 5pc in August from a year earlier due to ideal weather conditions.
Farm organisations have hit out at dairy processors for not matching Ornua's increased returns for August milk.
The board of LacPatrick Dairies has set a milk price for August supplies.
Dairygold has announced its milk price for August supplies, stating that it will pay farmers 32c/L, which includes a 0.5c/L quality bonus and VAT.
Glanbia will pay its Member milk suppliers 32 cent per litre (cpl) including VAT for August manufacturing milk supplies at 3.6pc butterfat and 3.3pc protein.
Lakeland Dairies has held its base milk price at 32.78 cents per litre including VAT for August milk supplies.
Dairy prices at the Global Dairy Trade (GDT) auction dipped 0.7pc overall this week.
Milk producer Fonterra said on Friday its New Zealand milk production rose 6pc in July from a year earlier due to favourable weather conditions, as well as an increased number of farms...
Domestic milk intake by creameries and pasteurisers was estimated at 848.5 million litres for July 2018, according to figures from the CSO. This was 3.1pc below the corresponding 2017 figure.
The ICMSA has welcomed the recent increase in milk prices reported by processors but reiterated that serious differentials persisted in returns to dairy farmers.
Dairygold has announced its July milk price for suppliers.
Glanbia will pay its Member milk suppliers 32 cent per litre (cpl) including VAT for July manufacturing milk supplies at 3.6pc butterfat and 3.3pc protein.
Kerry Group has announced a milk price rise of 1c/L (VAT inclusive) to its suppliers for July milk.
New Zealand’s Fonterra Co-operative Group Ltd,, the world’s largest dairy exporter, on Friday cut its earnings guidance and slightly lowered its forecast for the farmgate milk price.
EU average farm gate milk price increased by 1.0pc in June 2018 to 32.37 c/kg; this is the first upward move after consecutive decreases since December 2017.
Global dairy prices were flat at a fortnightly auction held on Wednesday after four consecutive falls.
A dairy farmer's feed bill has increased by €10,000 a month compared with this time last year due to the drought.
The feeding of unprecedented volumes of concentrates - which has seen some suppliers reporting demand running four times ahead of 2017 - is failing to maintain milk yields in most...
Due to unfavourable weather conditions, the expected increase in EU milk production this year has been lower than anticipated.
The board of LacPatrick Dairies met today (18 July) and set a milk price for June supplies.
Global dairy prices dropped for the fourth time in a row at an auction early on Wednesday, weighed down by a poor showing for butter, but key...
Dairygold Board has today decided to maintain the base price paid for milk supplied in June at 32cpl inclusive of 0.5cpl quality bonus and VAT, based on standard constituents of 3.3% Protein and 3.6%...
Dairy farmers are prepared to stage protests outside Aldi and Iceland supermarkets if the price of milk doesn’t increase.
Kerry Group base price for June milk supplies is unchanged at 31 cpl vat inclusive.
Dairy farmers that produce fresh milk have hit out at unsustainable discounting of milk by Iceland and Aldi in the recent weeks.
Aurivo has declined to comment on reports that it has approached LacPatrick Dairies suppliers in Northern Ireland with a view to switching to the Sligo-based processor.
Dairy farmers have hit out at unsustainable discounting of milk by Iceland and Aldi.
Glanbia has announced it will pay its Member milk suppliers 32 cent per litre (cpl) including VAT for June manufacturing milk supplies at 3.6% butterfat and 3.3% protein.