Country’s biggest milk buyer Glanbia goes to 30 cent per litre
Glanbia Ingredients Ireland (GII) has also introduced a three-year fixed milk price based on 30.10c, and a one-year fixed scheme price of 31.75 cpl.
There has been a positive price signal also in the Ornua Purchase Price Index, passing 100 for the first time since 2015.
On Tuesday, the GlobalDairyTrade index in the auction by New Zealand dairy giant Fonterra, was up 0.6%.
This included prices for skim milk powder falling 1.6%, a trend unlikely to help the European commission in its bid to sell its powder stockpiles, which continued this week with 20,000 tonnes on offer.
The European Milk Board, representing about 100,000 farmers, says the EU’s milk powder mountain threatens milk prices, and measures like intervention do not get to the root of low dairy prices.
The EMB will stage a major milk powder demonstration in Brussels on January 23, during the EU Agriculture Ministers Council.
It says autumn milk prices covered only 59% of production costs in the Netherlands and and 67% in Germany.
