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GDT dairy prices reach highest level since 2014

GDT dairy prices reach highest level since 2014
At home, the country’s biggest milk buyer, Glanbia, has increased the creamery milk price from 33.5 cent per litre (including VAT) for December to 35.1c for January
Milk supply growth is strong across all the main milk production regions, but rising feed costs may curb supply growth in the EU, says Glanbia Ireland Chairman John Murphy. File Picture.
Thu, 18 Feb, 2021 - 12:30
Stephen Cadogan
The seventh-in-a-row positive Global Dairy Trade auction result on Tuesday took prices to their highest level since April 2014.
This important indicator of global dairy market trends offers reassurance on the milk price front to dairy farmers, and the Tuesday auction result also pointed to a slowing supply trend, with slightly reduced product volumes reflecting the passing of the milk production peak in New Zealand, the No 1 global dairy exporter. ....

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New milk metrics 'won't explain why Irish price near bottom of the league'

Dairy Industry Ireland (DII) is under fire from the country’s farm organisations for announcing changes to milk price metrics without farmer consultation. ....

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Dairy set for another boom year as global demand rises

Ireland’s milk output grew by 3.8pc in 2020 and the overall supply for the year is likely to exceed 8.3 billion litres, Colin Kelly of Ornua has forecast. ....

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Scope for a 1c/l jump in milk price in November – IFA

IFA dairy chair Tom Phelan. \ Patrick Browne
There is scope for a 1c/l jump in milk price to reflect current market conditions, IFA dairy chair Tom Phelan has said.
The IFA has said milk price rise must remain consistent to give farmers the opportunity to meet those costs relating to sustainable production.
Phelan said: “It’s imperative that remaining milk processors increase price for the month of November, in light of the positive auction from yesterday’s GDT.”
“The IFA adjusted PPI for November was 33.16. Our estimates for the latest GDT auction suggest a 2c/l increase in milk price in the past month. ....

Gerald Quain , Tom Phelan , United Kingdom , டோம் ஃபெலன் , ஒன்றுபட்டது கிஂக்டம் ,

Scope for 1c/l jump in November milk price – IFA

IFA dairy chair Tom Phelan. \ Patrick Browne
There is scope for a 1c/l jump in milk price to reflect current market conditions, IFA dairy chair Tom Phelan has said.
The IFA has said milk price rise must remain consistent to give farmers the opportunity to meet those costs relating to sustainable production.
Phelan said: “It’s imperative that remaining milk processors increase price for the month of November, in light of the positive auction from yesterday’s GDT.”
“The IFA adjusted PPI for November was 33.16. Our estimates for the latest GDT auction suggest a 2c/l increase in milk price in the past month. ....

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