Milk Price- Please read Mod note in post #1

whelan2

Buford T. Justice V wrote: »

34 thousand tonnes, down from 46k tonnes last year and 52k tonnes in 2013.

feck

alps

whelan2 wrote: »

feck

You can use the one stronger than feck..Whelan..

Buford T. Justice XIX

whelan2 wrote: »

feck

Looks like there is going to be a tsunami of milk powder hitting the market in about 6 months.

kowtow

Buford T. Justice V wrote: »

Looks like there is going to be a tsunami of milk powder hitting the market in about 6 months.

Depends how much they are selling through "other channels"

And for how much they are selling it.

jaymla627

Buford T. Justice V wrote: »

Looks like there is going to be a tsunami of milk powder hitting the market in about 6 months.

Fonterra aren't really in a position to go playing the bully by flooding the market with milk powder as our peak season starts, they're credit rating is getting shot to bits and their on the hook for half a billion in loans to their suppliers that are resting on milk rising above 6 dollars kg/ms before it gets payed back.....
Fonterra know alot of farmers out their won't be able to survive another season of a sub 5 dollar payout so you'd hope they are been proactive and finding markets for their product now to try and clear the backlog

pedigree 6

http://www.foodbusinessafrica.com/index.php?option=com_content&view=article&id=4845:fonterra-to-pack-milk-in-ethiopian-partnership-3&catid=96&Itemid=507
There's a lot more product moving this way and a lot more in the future.

Edit I think they may be making a movie.

pedigree 6

https://www.fonterra.com/global/en/About/Our+Locations/Africa+and+Middle+East
This will give you an idea of how much product goes where.
They even supply product to Europe.

WheatenBriar

Letter today from the Lord high commander Corbally
See attached

I'll summarise
There there dears,don't be so sad,we're keeping GII profits up, off your back,theres nothing to worry about

jaymla627

WheatenBriar wrote: »

Letter today from the Lord high commander Corbally
See attached

I'll summarise
There there dears,don't be so sad,we're keeping GII profits up, off your back,theres nothing to worry about

He also seemed to forget about the 1,000 our so non-shared up suppliers who instead of getting their 18,000 grand in the spinout had to turn around instead and buy 10 grand plus worth of shares, he could do with taking a course in pr relations given he has just alienated a good chunk of his supplier base....
You'd really have to question the top brass in glanbia when this prick isn't even capable of writing a letter that is same way transparent and factual without having massive holes and misinformation

frazzledhome

WheatenBriar wrote: »

Letter today from the Lord high commander Corbally
See attached

I'll summarise
There there dears,don't be so sad,we're keeping GII profits up, off your back,theres nothing to worry about

Unless there's a cheque attached I'm not too interested in it

whelan2

frazzledhome wrote: »

Unless there's a cheque attached I'm not too interested in it

Thats what I looked for first

WheatenBriar

frazzledhome wrote: »

Unless there's a cheque attached I'm not too interested in it

When uploading I was unable to attach a cheque sorry

Dawggone

Was talking to a friend that's farming in the heart of dairy country in the north of France just now.
Farmers have gone crazy buying "production rights" or "quota". The Coops said that the historic production per farm/farmer could be traded between farmers...
Milk production rights are being traded at €450k per million liters. I know, if I was in that neck of the woods, I wouldn't be milking by this weekend!!

The production rights started trading last April at €45k/million liters...

kowtow

frazzledhome wrote: »

Unless there's a cheque attached I'm not too interested in it

Given the arrogant tone of the letter I'm surprised it didn't contain a stamped addressed envelope for the recipient to put his cheque in,

payable to "GIIL Corporate hopes & dreams fund"

kowtow

Dawggone wrote: »

Was talking to a friend that's farming in the heart of dairy country in the north of France just now.
Farmers have gone crazy buying "production rights" or "quota". The Coops said that the historic production per farm/farmer could be traded between farmers...
Milk production rights are being traded at €450k per million liters. I know, if I was in that neck of the woods, I wouldn't be milking by this weekend!!

The production rights started trading last April at €45k/million liters...

Are they buying the right to sell litres of "core milk" to the co-op at a high price, with the balance at spot...?

Or the right to sell at all? I know this came up before but can't remember which direction they were going..

Dawggone

kowtow wrote: »

Are they buying the right to sell litres of "core milk" to the co-op at a high price, with the balance at spot...?

Or the right to sell at all? I know this came up before but can't remember which direction they were going..

Just the right to sell their milk to the Coop....:):)

Banks calling to farmers with forms ready to sign...

milkprofit

WheatenBriar wrote: »

Letter today from the Lord high commander Corbally
See attached

I'll summarise
There there dears,don't be so sad,we're keeping GII profits up, off your back,theres nothing to worry about

Live horse might get grass

Timmaay

Dawggone wrote: »

Was talking to a friend that's farming in the heart of dairy country in the north of France just now.
Farmers have gone crazy buying "production rights" or "quota". The Coops said that the historic production per farm/farmer could be traded between farmers...
Milk production rights are being traded at €450k per million liters. I know, if I was in that neck of the woods, I wouldn't be milking by this weekend!!

The production rights started trading last April at €45k/million liters...

Who do they pay the production right to? The processor I take it? So it's basically the same as our "stainless steel" fund that Glanbia etc have built the new milk driers with here?

RightTurnClyde

Dawggone wrote: »

Was talking to a friend that's farming in the heart of dairy country in the north of France just now.
Farmers have gone crazy buying "production rights" or "quota". The Coops said that the historic production per farm/farmer could be traded between farmers...
Milk production rights are being traded at €450k per million liters. I know, if I was in that neck of the woods, I wouldn't be milking by this weekend!!

The production rights started trading last April at €45k/million liters...

So are A and B quotas and pricing in play in parts of France. Or are they coming down the road.?

Dawggone

Timmaay wrote: »

Who do they pay the production right to? The processor I take it? So it's basically the same as our "stainless steel" fund that Glanbia etc have built the new milk driers with here?

It's inter farm/er trade.

Dawggone

RightTurnClyde wrote: »

So are A and B quotas and pricing in play in parts of France. Or are they coming down the road.?

Up north the Coops have kept quota.
A+B quota still in place...

atlantic mist

we dont have a home market to protect us like the french have so cant see the a and b quotas coming on stream here

some processors have expanded pricing system to reflect lactose, only realised yesterday most inhalers are made from lactose you wouldnt hear much about it, highest asthma rate in world is the eu, do we have many lactose plants here?

volume growth of sales from gii .8% last nine months, i though we were closer to 10% in extra production wonder where the other 9% is gone

kowtow

atlantic mist wrote: »

some processors have expanded pricing system to reflect lactose, only realised yesterday most inhalers are made from lactose you wouldnt hear much about it, highest asthma rate in world is the eu, do we have many lactose plants here?

... if the hipsters are to be believed it's the move from raw milk which is causing so much asthma, there'd be a nice irony if it were true and we were now processing out the lactose and shoving it back in via an inhaler to cure the problem! -

No intention of re-opening the debate from other threads, but I find myself wondering more and more whether there isn't such a thing as a food chain which is simply too complex for it's (our) own good.

Or perhaps I've just been suppressing the inner hippy for too long!

WheatenBriar

Text just in,new GII fixed price scheme, 30.25c for 16 months, they must be pretty confident the markets going to head back into the mid 30's+ ?

pedigree 6

WheatenBriar wrote: »

Text just in,new GII fixed price scheme, 30.25c for 16 months, they must be pretty confident the markets going to head back into the mid 30's+ ?

Ah you're the first in. Maybe gift horse and all that. Nice little thing about cheap meal as well.

kowtow

WheatenBriar wrote: »

Text just in,new GII fixed price scheme, 30.25c for 16 months, they must be pretty confident the markets going to head back into the mid 30's+ ?

Is there a limit on the quantity?

You are quite right they must be confident of the price they are / will get for at least some milk.

As always with fixed price schemes though what we need to know is whether the milk taken is backed by a fixed price / matching sale. It's possible that they could simply be contracting a part of the supply at a higher price and planning on balancing the books by reducing the price paid to other suppliers... robbing peter to pay paul.

IDB also said that they had given a number of fixed price contracts out in a recent article. I wonder if they are on this again?

The devils in the detail, and transparency is badly needed here.

Dawggone

WheatenBriar wrote: »

Text just in,new GII fixed price scheme, 30.25c for 16 months, they must be pretty confident the markets going to head back into the mid 30's+ ?

Are they thinking along the lines of a kinda A+B quota?


Just saying...

jack o shea

whatever they are up to it aint for our benefit thats for sure.

atlantic mist

all depends on how many apply 10m pool, dont imagine ul be able to fix to much with current price lads will jump at it

the plc consumer foods is looking to fix and reduce volatility on supply price:) i think they can afford to pay more considering retail prices are rising, IDB paid more than that when they fixed and they are travelling with the product
the plc agri business gets a boost to meal sales

base price 28.8 ex vat, general cost of production.

fixing at general cost of production or slightly under for powder fine but good products like cheese and butter etc were leaving our selves open to lowering our general price

mf240

atlantic mist wrote: »

just got text new 18 month fixed priced scheme for milk from jan 30c inc vat, have an added fixed price on meal option will be interesting
although its for purchases between aug and dec 16, i though they dnt want milk over winter?

They must of got a good price on malt sprouts and oats screenings.