Milk markets move up as farmgate prices hold

Glanbia and Lakeland have just announced holding December milk prices, but European markets are jumping upwards

13 January 2021

Dairy commodity prices have increased across the board this week.

Glanbia milk suppliers will get the same December milk price as they got in November.

Its base milk price has moved up 0.5c/l but the biodiversity bonus of 0.5c/l has been dropped.

The December base price is 29.1c/l excluding VAT at 3.3% protein and 3.6% fat.

On top of this are bonuses to the value of 2.7c/l, bringing December farm-gate price to 31.7c/l at base solids. All bonuses are solids corrected.

Lakeland Dairies held its price at 31.63c/l for December. This price excludes the 3c/l seasonality bonus.

Dairy market indicators have all risen this week as demand from supermarkets soars.

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