Glanbia and Lakeland to declare milk prices for deliveries in July

  • Glanbia and Lakeland to declare milk prices for deliveries in July
    FarmIreland.t. E.
    Glanbia to pay its milk suppliers members 32 cents per liter (KPL), including VAT for July milk production on milk fat 3.6 PC 3.3 PC and protein.
    https://www.independent.ie/business/farming/dairy/milk-prices/glanbia-and-lakeland-announce-milk-prices-for-july-supplies-37210590.html
    https://www.independent.ie/business/farming/article36035000.ece/1e3c9/AUTOCROP/h342/2015-01-20_bus_6182972_I1.JPG

  • Email

Glanbia to pay its milk suppliers members 32 cents per liter (KPL), including VAT for July milk production on milk fat 3.6 PC 3.3 PC and protein.

Glanbia Ireland (GI) has retained its
The base price of milk for July 31 KPL, including VAT, for the manufacture of
milk at 3.6 PC 3.3 PC of fats and proteins.

In addition, Glanbia co-op
to make support payable to the members 1 NTA, including VAT, in July
milk production by 3.6 PC 3.3 PC of fats and proteins.

At Glanbia
Ireland base price, and the Cooperative support payment would be adjusted
to reflect the actual components of milk supplied by vendors.

Glanbia Chairman Martin Keane said, “in times of significant
call on our farms, milk price stability is welcome. However
remains fragile market returns for some
products. The Commission will continue to monitor developments in
on a monthly basis”.

Lakeland Dairies

Meanwhile, Lakeland Dairies has increased the base price for milk is 1 cent per
liter to 32.78 cents per litre including VAT for July milk
delivery.

Growth for July milk recognizes the difficult
the conditions faced by farmers in a result
a long period of very dry weather in the summer.

Further
to help dairy farmers, Lakeland has also introduced a € 20 per tonne
discount on each ton of fertilizer to buy milk suppliers and
shareholders, starting from the 1st August until the end of
the spread season fertilizers.

See Also


Farmers can bear my expense to feed grew by €10,000 per month’

Bill farmer feed increased by 10 000 euros per month compared to the same period last year due to the drought.

The Lakeland dairies said that it will
continue to pay the highest price for milk in accordance with market
conditions remain variable.

Last week, the Kerry Group announced the increase of prices for milk of 1C/litre (including VAT) to suppliers for July milk.

It comes the day after Kerry announced half year numbers which showed revenue growth of 1.4 PC on an annual basis for the first half.

Group Kerry

Kerry will pay the suppliers of milk 32C/litre (including VAT) for July milk he said today.

CEO of Kerry group, Edmond Scanlon said he is considering a new support scheme payment for the milk suppliers, with a large number of farmers suffering from the effects of extreme this year weather.

Yesterday Mr. Scanlon told reporters in Dublin that such a scheme was “something we are going to have to look at”.

“There’s a package of things that we see in terms of the different types of support. We need to see in a couple of months of trade as weather goes… but of course, we will not be found wanting, as an organization, to help our farmers.” Around 14pc hole saw company is owned by co-op Kerry.

He said he was more optimistic about the prospects for rising prices of milk than he was in February. “Overall, we are quite optimistic that the price of milk will suffice. At the end of the day, a Group Kerry does not set the price of milk, is a market event, but we are doing everything possible to drive volatility out.”

IFA Chairman for National dairy Committee Tom Phelan said that the Kerry cooperative price increase in July, acknowledged that there were opportunities for processors to raise the prices of their products.

He urged other cooperatives to follow suit and give dairy farmers cashflow in a much-needed boost.

“At a time when farmers continue to struggle with the weather and the availability of food, cooperative boards must redouble their efforts to reflect on the European market.”

Tom Phelan said, while cooperatives have taken various measures to support dairy farmers, there is no doubt that paying a high price of milk, which returns the Market will allow is always the best support for farmers.

Online Business Classes