Dairygold added to international milk price rankings

An international milk price comparison shows Dairygold Co-op paying more for milk in February than Glanbia or Kerry, in contrast to Irish milk price leagues which show it paying a lower price.

Dairygold has been added to the www.milkprices.nl comparison produced by the Dutch dairy sector’s ZuivelNL organisation.

Their February milk price comparison for 15 dairy companies across Europe shows Dairygold paying €27.84 per 100 kg (28.8c/litre), Glanbia paying €26.74, and Kerry Agribusiness paying €25.34.

However, the prices are standardised for milk with 4.2% fat, 3.4% protein, for a supply of 500,000 kg per year, TBC of 24,999, and SCC at 249,999 per ml.

In contrast, Dairygold Co-op brings up the rear in the rankings of 15 Irish co-ops in the popular milk price league compiled by the Irish Farmers Journal.

The www.milkprices.nl price comparison includes Dairygold’s seasonal bonus of €3.30/100 kg, quality bonuses, Sustainable Dairy Assurance Scheme bonus for milk suppliers who pass the audit, and a winter milk supplement of €3.40/100 litres in February.

However, its Glanbia milk price does not include the Glanbia Co-op support of 1c/litre.

The Dutch-compiled milk price table also ranks Dairygold ahead on rolling average (€27.55/100 kg), compared to Glanbia (€26.16), and Kerry Agribusiness (€27.48).

The milk price league compiled by the Irish Farmers Journal ranks co-ops according to the February milk payment (€) for a farmer supplying 4% of a 300,000 litres annual supply (using national average solids).

The result ranked LacPatrick Co-op (formed by the recent merger of Town of Monaghan and Ballyrashane) the top payer in February, at €3,382, with Dairygold coming in last of the 15 co-ops listed, at €3,055. 

However, if co-op average solids are assumed, and conditional bonuses are excluded, the result ranked Boherbue the top payer in February, at €3,262, with Dairygold still coming in last of the 15 co-ops listed, at €3,026.

In the www.milkprices.nl comparison, the Irish prices compare with an average for 15 EU dairy companies of €28.62 per 100 kg of standard milk.

Also calculated are prices for the Emmi company in Switzerland (€47.65); Fonterrra in New Zealand (€19.99); and US Class 3 milk (€31.72).


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