Ir­ish milk prices among low­est in Eu­rope, sur­vey con­firms

Irish Independent - Farming - - NEWS - DE­CLAN O’BRIEN

IR­ISH milk prices were al­most 2.5c/l be­low the av­er­age paid by 17 of Eu­rope’s top dairies for Septem­ber sup­plies.

While the dairies sur­veyed paid an av­er­age of 34.69c/l, Glan­bia was 2.49c/l un­der this fig­ure at 32.21c/l, while Dairy­gold was 2.39c/l un­der on 32.30c/l, and Kerry was 1.26c/l be­low the av­er­age on 33.43c/l.

The sur­vey was com­mis­sioned by LTO Ned­er­land, with the prices based on milk de­liv­ered at 4.2pc fat and 3.4pc pro­tein. Glan­bia and Dairy­gold paid the low­est prices recorded, with Kerry 13th of the 17 pro­ces­sors.

The top-pay­ing dairies were Gra­narolo North from Italy on 37.87c/l, Danone of France on 37.55c/l, French pro­ces­sor So­di­aal on 36.51c/l, and Dutch gi­ant Fries­land-Camp­ina on 36.42c/l.

Other prices in­cluded were Bri­tain’s Dairycrest on 35.02c/l, Arla of Den­mark on 34.3c/l, and Valio of Fin­land on 34.9c/l.

Mean­while, the re­port noted that New Zealand gi­ant Fon­terra paid 28.7c/l for Septem­ber sup­plies.

Stay­ing with milk prices, the ICMSA has called on pro­ces­sors to “hold their nerve” de­spite the re­cent down­turn in global dairy mar­kets.

Slip

The as­so­ci­a­tion’s dairy chair­man, Ger Quain, pointed out that the vol­umes of SMP be­ing sold out of in­ter­ven­tion had in­creased sig­nif­i­cantly, while Euro­pean pro­duc­tion lev­els were be­gin­ning to slip.

Tom Phe­lan of IFA echoed Mr Quain’s views, point­ing out that food-grade SMP was now trad­ing for €1,600/t.

He said re­ports from farm or­gan­i­sa­tions across the EU in­di­cated that milk sup­plies in France were back 4-5pc in Septem­ber and Oc­to­ber, pro­duc­tion was down 2.5pc in Hol­land, milk sup­plies were 1.45pc lower in Germa- ny, while pro­duc­tion also fell in Italy and Aus­tria.

“In this con­text of firm­ing pow­der prices, rapidly dwin­dling in­ter­ven­tion stocks and lower EU sup­plies of milk, there are more rea­sons for cau­tious op­ti­mism than for talk­ing down milk prices,” he said.

“Co-ops can, and must, com­mit to hold­ing their milk prices at least to year end.”

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