Improved New Year milk price prospects

Glanbia has offered fixed milk prices at 30.1 cent per litre from January 1, 2017 to December 31, 2019, or at 31.75 cpl for 2017.

The prices, for 3.6% fat and 3.3% protein, including VAT, indicate improved dairy market prospects compared to the past 18 months.

Improving price prospects are seen at the other side of the world also, with New Zealand’s Ministry for Primary Industries predicting booming dairy export revenues, mostly due to the milk price in New Zealand increasing by an expected massive 87% from 2016 to 2021.