Glanbia held its base milk price for September supplies and increased its co-op support by 0.5c/l on Monday. \ Philip Doyle
ADVERTISEMENT
The firming of market returns in recent weeks will allow co-ops to improve their base milk prices before the end of the year, according to IFA dairy chair Tom Phelan.
Phelan made the comments after Glanbia held its base milk price and increased its co-op support by 0.5c/l on Monday. He said Glanbia had taken the first positive step to improving pay-out for its suppliers.
Returns
ADVERTISEMENT
Phelan said: “Glanbia and other co-ops will be able to improve their base milk prices over the coming months, and co-op boards, which are currently meeting to decide on September milk prices, must start focusing on finding ways of passing back more of the improved market returns to farmers.
“We have shown that the current dairy commodity prices reported by the EU Milk Market Observatory, EU spot quotes and futures for February 2020 trade, and closer to home the Ornua PPI, return between 1c/l and just over 4c/l more than the average of the August Irish Farmers Journal milk price league.”
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.
The firming of market returns in recent weeks will allow co-ops to improve their base milk prices before the end of the year, according to IFA dairy chair Tom Phelan.
Phelan made the comments after Glanbia held its base milk price and increased its co-op support by 0.5c/l on Monday. He said Glanbia had taken the first positive step to improving pay-out for its suppliers.
Returns
Phelan said: “Glanbia and other co-ops will be able to improve their base milk prices over the coming months, and co-op boards, which are currently meeting to decide on September milk prices, must start focusing on finding ways of passing back more of the improved market returns to farmers.
“We have shown that the current dairy commodity prices reported by the EU Milk Market Observatory, EU spot quotes and futures for February 2020 trade, and closer to home the Ornua PPI, return between 1c/l and just over 4c/l more than the average of the August Irish Farmers Journal milk price league.”
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