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Lakeland Dairies and Glanbia have announced they will hold price for December milk.
Lakeland suppliers will be paid 30.41c/l excluding VAT.
However, the processor will pay an extra 5c/l voluntary December bonus to qualifying suppliers.
This is a 2c/l increase to the 3c/l paid last month.
The processor said that year-to-date milk supplies have remained strong and were up by 17% in December compared with the same time a year ago.
Glanbia
Glanbia has announced that it will be holding its milk price and paying members 30.36c/l excluding VAT for December manufacturing milk at 3.6% fat and 3.3% protein.
This is inclusive of a 2c/l support payment. Non-members will be paid 28.46c/l excluding VAT.
The Glanbia Ireland base price and the Glanbia Co-op support payment will be adjusted to reflect the actual constituents of milk delivered by suppliers.
“The recent sale of skim milk powder out of intervention is welcome, as it has almost eliminated the stock overhang and improves market sentiment,” Glanbia chair Martin Keane said.
“However, Brexit and global trade tensions continue to create some uncertainty around market direction.”
Ornua's purchase price index (PPI) stands at 107.5 for December. This is equivalent to a farmgate price of 30.55c/l excluding VAT, assuming 6.5c/l processing costs.
Glanbia suppliers will notice that their milk statements are in a new format since last month.
The VAT invoice statement and milk statement are now separated.
The new milk statement aims to simplify how the various schemes Glanbia has are presented.
This includes the 11 fixed-price milk schemes, the advance payment scheme, working bands, seasonality, loyalty scheme and the trading bonus scheme.
The new statement focuses on milk solids, includes benchmarking information and a supply versus forecast metric.
Additional reporting by Odile Evans.
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