Kerry, Glanbia suppliers enjoy LTO price boost
Recording the milk price trends at 17 big EU dairy companies, the LTO figures show that Kerry suppliers were paid 16% more than in 2010, and Glanbia suppliers were paid 15% more.
Only suppliers to the DOC Kaas company in the Netherlands did better, with a price rise of 17%.
Recent data for November 2011 indicated that Irish farmers were paid €38/100kg for milk, compared to an EU average of €35.20.
However, Kerry (€33.61 per 100kg) and Glanbia (€34.15) came under the 2011 rolling average price of €35.10 in LTO’s standardised milk price calculations for the big milk purchasers.
The largest milk price rises in 2011 came outside of Europe, with US and New Zealand prices advancing 25% and 24%, respectively, according to LTO.
