Falls in dairy commodity prices over the past six months are partly reflected in lower prices for August milk announced this week.
There are further reductions in the pipeline for September milk, with the European dairy trade seriously affected by the Russian ban on EU imports.
But the prospect of world prices bottoming out in late 2014 or early 2015 was signalled by a steadier trade for milk powders at the Global Dairy Trade auction on Tuesday.
ADVERTISEMENT
Also, there was no change to the Dutch Dairy Board quoted prices for powders this week.
Prices for butter were down but the Dutch quotes for whey rose, as the prospect of reduced manufacturing of cheese in the EU signals a reduced supply of whey (see full report on page 12).
Meanwhile, base prices for August milk in NI are down from the July level by either 1.5p/l or 2p/l, quoting the prices that were available on Wednesday this week (Table 1).
Fane Valley’s price is 1p/l to 1.5p/l below the others quoted. Prices at United Dairy Farmers, Ballyrashane Co-op and Glanbia Cheese were awaited as the Irish Farmers Journal went to press.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Falls in dairy commodity prices over the past six months are partly reflected in lower prices for August milk announced this week.
There are further reductions in the pipeline for September milk, with the European dairy trade seriously affected by the Russian ban on EU imports.
But the prospect of world prices bottoming out in late 2014 or early 2015 was signalled by a steadier trade for milk powders at the Global Dairy Trade auction on Tuesday.
Also, there was no change to the Dutch Dairy Board quoted prices for powders this week.
Prices for butter were down but the Dutch quotes for whey rose, as the prospect of reduced manufacturing of cheese in the EU signals a reduced supply of whey (see full report on page 12).
Meanwhile, base prices for August milk in NI are down from the July level by either 1.5p/l or 2p/l, quoting the prices that were available on Wednesday this week (Table 1).
Fane Valley’s price is 1p/l to 1.5p/l below the others quoted. Prices at United Dairy Farmers, Ballyrashane Co-op and Glanbia Cheese were awaited as the Irish Farmers Journal went to press.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS