Kerry milk contract

FishhookKY

What's yer opinion on Kerry's milk contract price @ 34 cent a liter. Have people taken it up.

colm_mcm

I think you may be lost.....

moved to Farming+Forestry

degetme

FishhookKY wrote: »

What's yer opinion on Kerry's milk contract price @ 34 cent a liter. Have people taken it up.

Signed up to between 10 and 20%. Think closing date is up now. Afaik acc to area manager that 34c/l goes up if you better the kerry base for milk solids

atlantic mist

is that a base price wit additions for solids or a flat price per litre
not in kerry but lookin at our earlier was 32.6c per litre

degetme

atlantic mist wrote: »

is that a base price wit additions for solids or a flat price per litre
not in kerry but lookin at our earlier was 32.6c per litre

Yes but no scc bonus and temp and if they bring in bord bia bonus they wont be paying on the milk you fix

WheatenBriar

Glanbia are only offering 32c and it was hurried out looks like on the back of news that world prices are rising these past few months ,call me a sceptic but it's never the farmers interest that's the main driver of these?

degetme

WheatenBriar wrote: »

Glanbia are only offering 32c and it was hurried out looks like on the back of news that world prices are rising these past few months ,call me a sceptic but it's never the farmers interest that's the main driver of these?

I cant speak for glanbia. Im just saying what i know. 34c/l plus milk solids bonus on top of that sounds fair to me. We would be losing if milk base price goes above 36c based on our average solids. Cant see milk being above 36c for long periods over next 3 years.

Buford T. Justice XIX

WheatenBriar wrote: »

Glanbia are only offering 32c and it was hurried out looks like on the back of news that world prices are rising these past few months ,call me a sceptic but it's never the farmers interest that's the main driver of these?

They are trying to match demand to supply and avoid huge price fluctuations and then companies changing ingredient formulations to reduce the quantity of milk powders in products. In effect, to help reduce the huge price fluctuations for both producer and purchaser.

I stayed away from this one, 32.8c @ 3.6/3.3 wasn't enough of a premium over this years probable base price of around 30c, for my liking anyway.

But i do agree with the principle, though.

WheatenBriar

Aye,the trouble is volatility buggers up fixing prices too because 'experts' are useless at predicting where price and demand is going to go,they are stabbing in the dark.
That's why I've not bitten on any of them.
I too like the idea of guaranteeing margin,but contractually locking yourself into the unknown,it's just too risky.

atlantic mist

the 34c base i think wouldnt be too bad, devil will be in the detail, kerry always seem a step ahead of rest to be fair, is 20% max u can fix

cute geoge

atlantic mist wrote: »

the 34c base i think wouldnt be too bad, devil will be in the detail, kerry always seem a step ahead of rest to be fair, is 20% max u can fix

There always a step behind though when it comes to the leading milk price

Buford T. Justice XIX

cute geoge wrote: »

There always a step behind though when it comes to the leading milk price

Look at the table upside down and kerry are near the top;-)