Dairygold has decided to keep its December milk price unchanged, as have most of the other main players – Aurivo, Arrabawn, Lakeland, Kerry and Glanbia.
The board of Carbery has also decided to hold its base November price for December. Effectively it means the average price paid for December milk will remain at 24.5c/litre (€3.45/kg milk solids).
LacPatrick has decided to give a 1c/litre and 1p/l year-end December bonus to all manufacturing milk in December as a recognition of the difficulties that producers are experiencing.
GDT down
The latest decisions on milk prices have come as the GDT index of dairy commodity prices fell by 1.4% on Tuesday this week, similar to the auction result two weeks earlier. Again, the volume traded through the auction was much reduced compared with other years as Fonterra trades product through sales channels other than the auction.
Irish processors offered skimmed milk powder into EU intervention at the beginning of January for the first time in a number of months.
In other dairy news, Dairygold has launched a new fixed milk price scheme at 28c/l excluding VAT and bonuses.
The price is similar to the fixed price offering of the west Cork co-ops and slightly lower than the base Glanbia fixed milk price offering, which was set at 28.65c/l.
Dairygold suppliers can decide to fix a maximum of 15% of their 2015 supply for 18 months starting March 2016.
SHARING OPTIONS