Lakeland and Glanbia set milk price for November

The board of Lakeland Dairies met on Monday and has increased the milk price for November. Glanbia followed suit in the afternoon. By Patrick Donohoe
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Both processors have increased their base milk price for November by 2c/litre. This brings Lakeland’s milk price for November to 27.75c/l (excluding VAT) based on protein of 3.3% and fat of 3.6%.
Lakeland increased its October price by 1c/l and has now increased the milk price every month for the past five months.
Lakeland is also running a 3c/l out-of-season bonus for its suppliers.
Glanbia
Glanbia Ingredients Ireland has increased its base milk price to 27.5c/l (excluding VAT) for manufacturing milk at 3.6% fat and 3.3% protein. The board of Glanbia co-op has decided to pay its members a support payment of 1c/l for November manufacturing and liquid milk supplies.
This brings the November milk price for Glanbia co-op members to 28.45c/l (excluding VAT).
“Recent milk supply reductions in key production regions have led to a swift and very welcome recovery in dairy market prices,” Glanbia chairman Henry Corbally (pictured) said in a statement. “However, a number of uncertainties remain in the global environment. The Board will continue to monitor markets on a monthly basis.”
PPI
Last week, Ornua’s Purchase Price Index (PPI) reached a 19-month high. The PPI for November stands at 99.4, which is up from 95.9 in October.
Ornua said the near four-point PPI increase “reflects higher returns in the month across most products”.
Further co-ops will set milk prices for November in the coming days.
 
Source: FarmersJournal
Link: http://www.farmersjournal.ie/lakeland-sets-milk-price-for-november-242034
 

Mirá También

Así lo expresó Domingo Possetto, secretario de la seccional Rafaela, quien además, afirmó que a los productores «habitualmente los ignoran los gobiernos». Además, reconoció la labor de los empresarios de las firmas locales y aseguró que están «esperanzados» con la negociación entre SanCor y Adecoagro.

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