Dutch dairy co-op Friesland Campina has lifted July milk price to 33c/l.
ADVERTISEMENT
Dutch milk processor Friesland Campina has increased its July base milk price by 0.5 c/litre to 33c/l. The price hike comes as other dairy companies in mainland Europe lift milk prices post-COVID-19 reductions. The announcement this week also comes with Irish co-op directors due to meet in the coming days to retrospectively set June milk price for Irish suppliers.
When we convert and compare the Dutch milk price at the same milk solids for July it is the equivalent of €4.53 per kg milk solids. Last week in the May monthly milk league we saw the Irish price average just shy of €4kg milk solids. The 0.53c/kg milk solids difference is equivalent to a difference of over 4c/l. Friesland suppliers typically get a top-up at year end on monthly prices. The last annual top-up was 1.3c/l.
International prices
ADVERTISEMENT
In Table 1 we compare like-for-like May milk prices for some of the main dairy companies internationally compared to three of the larger Irish milk processors. The Irish trio average just shy of 30c/l for May at 29.7c/l. The French processors Lactalis and Danone are paying almost 5c/l ahead of this, while the Danish company Arla are paying almost 3c/l ahead of the Irish average. The Dutch in May were 2.4c/l ahead of the Irish average, but they have subsequently moved further ahead based on the announcement outlined above for July milk price.
The Fonterra price has little relevance at this time of the year as supplies are tiny from New Zealand as most cows are dry at present. The US price at 27c/l is important because it will significantly slow milk supplies from that part of the world where costs of production are high. The US milk market was hit very bad given it’s dependence on the food service market which collapsed post COVID 19 restrictions.
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.
Dutch milk processor Friesland Campina has increased its July base milk price by 0.5 c/litre to 33c/l. The price hike comes as other dairy companies in mainland Europe lift milk prices post-COVID-19 reductions. The announcement this week also comes with Irish co-op directors due to meet in the coming days to retrospectively set June milk price for Irish suppliers.
When we convert and compare the Dutch milk price at the same milk solids for July it is the equivalent of €4.53 per kg milk solids. Last week in the May monthly milk league we saw the Irish price average just shy of €4kg milk solids. The 0.53c/kg milk solids difference is equivalent to a difference of over 4c/l. Friesland suppliers typically get a top-up at year end on monthly prices. The last annual top-up was 1.3c/l.
International prices
In Table 1 we compare like-for-like May milk prices for some of the main dairy companies internationally compared to three of the larger Irish milk processors. The Irish trio average just shy of 30c/l for May at 29.7c/l. The French processors Lactalis and Danone are paying almost 5c/l ahead of this, while the Danish company Arla are paying almost 3c/l ahead of the Irish average. The Dutch in May were 2.4c/l ahead of the Irish average, but they have subsequently moved further ahead based on the announcement outlined above for July milk price.
The Fonterra price has little relevance at this time of the year as supplies are tiny from New Zealand as most cows are dry at present. The US price at 27c/l is important because it will significantly slow milk supplies from that part of the world where costs of production are high. The US milk market was hit very bad given it’s dependence on the food service market which collapsed post COVID 19 restrictions.
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