Dairy Update: Farmers earning up to 1.5c/l less than May


Ireland have underperformed in the Dutch LTO European milk league

Dairy Update: Farmers earning up to 1.5c/l less than May

  • ADDED
  • 3 mths ago

Ireland have underperformed in the Dutch LTO European milk league

Tom Phelan, the IFA National Dairy Committee Chairman, today pointed out that, as well as paying up to 1.5c/l less than the May Ornua PPI, and have been undershooting it for the last six months at least.

Ireland’s main milk purchasing co-ops had underperformed massively in the Dutch LTO European milk league in the last twelve months.

LTO tracks the price paid by a selection of milk purchasers in the main EU dairy production countries. For Ireland, it tracks Dairygold, Kerry and Glanbia.

The Chairman said, “It is clear that Irish co-ops have been doing a much poorer job at remunerating their suppliers than the European private and co-operative milk purchasers tracked each month by Dutch farm organisation LTO in their Milk Price Review.”

Prices

“The main three Irish processors are currently paying €2.25 less per 100 kgs of milk than the average monthly price reported by LTO.”

This is equivalent to just under 2c/l at 3.3% protein and 3.6% butterfat, and as the graph overleaf shows, the gap has widened dramatically in the last 12 months,” Mr Phelan added.

“At just under 29c/l + VAT, the main Irish co-ops currently pay up to 1.5c/l less than the May Ornua PPI of 30.45c/l + VAT (32.09c/l incl VAT). The gap has increased in the last two months as the PPI rose and co-ops cut prices.

Find the LTO monthly Milk Price Review here

Workbook Launched

In other news, a new workbook to assist farmers to assess their existing dairy farm infrastructure and to plan for improvements has been launched today at the Teagasc National Dairy Open Day, Moorepark’19.

The Dairy Farm Infrastructure Workbook, which was produced by Teagasc in partnership with Ulster Bank, will help farmers to plan improvements in the areas of grazing infrastructure, milking practices and energy use.

Investments

Head of the Teagasc Animal and Grassland, Research and Innovation programme, Dr. Pat Dillon encouraged all farmers to look at their farm infrastructure and consider where priority investments need to be made.

With less than optimal infrastructure, difficulties in grassland management can be created and it is the same for utilisation, animal performance and labour input, particularly in periods of poor weather and difficult grazing conditions.

One of the workbook’s authors, John Upton, Teagasc advised farmers to carefully monitor and control energy use. He said, “The economics of new technologies should be assessed to facilitate effective cost control and use efficiency.”

The Dairy Farm Infrastructure Workbook is available to download here.

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