If the milk price cuts imposed by Glanbia, Kerry and Lakeland this week are replicated by other processors, the average dairy farm will see €6,000 wiped off its yearly income.
Dairy farmers have reacted with shock and disappointment to Glanbia’s decision to cut its milk price by 3c/L to 32c/L for February milk supplies.
Glanbia is to be commended in committing to pay farmers 20c/L for milk that could not be collected because of last week’s atrocious weather. Let’s hope that all the co-ops follow suit.
The ongoing resilience being demonstrated in the milk market must force processors to rethink their milk pricing strategy as Irish farmers head towards peak production, according to the Irish Creamery Milk Suppliers’ Association (ICMSA).
Many farmers have exhausted their backup space for the milk collected, with possible knock on effects for the availability of milk on supermarket shelves.
Glanbia Ireland has further invested in its online platform GlanbiaConnect.com with a major expansion of its online store.
The current milk price – as it stands – is not supported by actual demand in the marketplace, according to Kerry Group chief executive Edmond Scanlon.
By: Conor Finnerty
The latest Global Dairy Trade (GDT) auction resulted in a marginal fall in the overall prices achieved for dairy products. The overall GDT price index declined by 0.5% on the previous auction held on February 6.
By: Seán Cummins
Similarities between Ireland and New Zealand are leading to collaborations on research and development in the dairy industry.
Source: NZ Herald
Recent research has shown that Irish dairy farmers can have high and variable levels of organic dust and endotoxin exposures.
By: Ciaran Moran