This is a subscriber-only article
North Cork and Tipperary didn’t move on November milk price and all those who were positioned under them for the October league did. So it means North Cork Co-op and Tipperary Co-op are now at the bottom of the monthly milk league. Glanbia and Centenary Thurles stay slightly ahead of the bottom two in division three, paying just shy of €4/kg milk solids.
This base price comparison does not include any conditional bonuses and Tipperary Co-op has a 3c/l bonus depending on seasonality of supply, etc.
The west Cork co-ops didn’t increase price either in November so they remain at the top of the league, paying €4.20/kg milk solids.
The big movers were Kerry, Glanbia, Centenary Thurles, Arrabawn and Dairygold, who all lifted base milk price by 1c/l (0.13c/kg MS). This is a welcome boost to suppliers but remember the November volumes are small, with typically 4% of annual milk supply in November.
Aurivo announced it was increasing November milk price by 0.25c/l to bring base milk price up slightly over €4/kg milk solids.
Average milk price for the November league is €4.06kg MS at 3.45% protein and 4.10% butterfat. This is 28.8c/l ex-VAT at 3.3% protein and 3.6% fat. These are very low fat and protein figures but they allow us compare the price from year to year at a set milk fat and protein.
The mood music on markets is good, with Fonterra increasing milk price recently aiming at a price in the region of 31c/l to 33c/l for their suppliers. This would be the fourth-highest milk price ever in New Zealand if it becomes a reality. The US farmers are getting in the region of 42c/l.
Kerry, Dairygold and Glanbia are bottom of the European league on a 29.5c/l milk price. If we were to compare the most recent prices like for like, the French farmers got the best base price of 35c/l, the Dutch about 34.4c/l, the Danes 32.5c/l and the German’s about 31.5c/l.
SHARING OPTIONS: