Drinagh has made a 1c/l cut to its milk price for December. Suppliers will receive 32.8c/l for December supplies excluding VAT.

Lakeland Dairies, Glanbia and Kerry Group held their price at 30.4c/l (excluding VAT) for December milk supplies.

This is for manufacturing milk at 3.6% fat and 3.3% protein.

Lakeland will pay an extra 5c/l December bonus to qualifying suppliers. This is a 2c/l increase on the 3c/l paid for November supplies.

Glanbia’s price includes a 2c/l support payment. Non-members will be paid 28.46c/l, excluding VAT.

Skim milk powder

At the first tender sale of skim milk powder (SMP) out of EU intervention last week, 80,000t of SMP stocks were cleared.

The SMP sold at a minimum price of €1,554.90/t. Only 22,200t of SMP remains in intervention.

Meanwhile, at the second Global Dairy Trade auction of 2018, overall dairy prices rose 4.2%. SMP was the main mover, with prices up 10.3%.

Drinagh cuts milk price for December

Drinagh co-op in west Cork has told its suppliers that December milk supplies will be paid 1c/l less than November.