Milk Price III

whelan2 · 02-02-2019 10:23am

jaymla627 wrote: »

It’s telling Glanbia don’t seem to be announcing any new schemes for 19, three schemes finished up here at the end of 18 and noting as of yet rolled out to replace them, it smacks of them holding of to see how britexit pans out

One of those schemes was 28cpl, thank god it's ended

stretch film · 02-02-2019 11:55am

they have had strained relations with "the customer" involved in some of those schemes closing.

kevthegaff · 02-02-2019 12:09pm

whelan2 wrote: »

One of those schemes was 28cpl, thank god it's ended

Your the first to mention a scheme that wasn't as profitable

stretch film · 02-02-2019 12:11pm

kevthegaff wrote: »

Your the first to mention a scheme that wasn't as profitable

did you hear about the one where some had to give back money

whelan2 · 02-02-2019 12:12pm

kevthegaff wrote: »

Your the first to mention a scheme that wasn't as profitable

I was lucky I only got a small allocation. Those who got larger ones would have been losing on average 3cpl on base price per month over the duration of the scheme.

alps · 02-02-2019 12:27pm

stretch film wrote: »

did you hear about the one where some had to give back money

Was that Grennans scheme? Did glanbia pay over the 31.5?

jaymla627 · 02-02-2019 1:16pm

stretch film wrote: »

did you hear about the one where some had to give back money

Their should be a really good top-up on that one, for 18, given price inflation index, will more than compensate for money took back last year

stretch film · 02-02-2019 1:17pm

alps wrote: »

Was that Grennans scheme? Did glanbia pay over the 31.5?

No. one of the earlier ones had agri inflation adjusters aligned to it.
In fairness another one had a pay out also.
Obvs the clawback caused a few raised eyebrows.

jaymla627 · 02-02-2019 1:23pm

stretch film wrote: »

No. one of the earlier ones had agri inflation adjusters aligned to it.
In fairness another one had a pay out also.
Obvs the clawback caused a few raised eyebrows.

Issue their was it was taken from milk accounts without any notification our previous warning, their was a lot of milk managers getting f**ked out of it that week

stretch film · 02-02-2019 1:29pm

jaymla627 wrote: »

Their should be a really good top-up on that one, for 18, given price inflation index, will more than compensate for money took back last year

May well be.
Point is they are never straight forward and only breed distrust.
Was it in 2016 that the 29 cent one was issued .
First 18 mths at a price worthy of consideration but the sting was your vols were doubled for a further 18 mths at same price.
Double ouch

whelan2 · 02-02-2019 2:10pm

stretch film wrote: »

May well be.
Point is they are never straight forward and only breed distrust.
Was it in 2016 that the 29 cent one was issued .
First 18 mths at a price worthy of consideration but the sting was your vols were doubled for a further 18 mths at same price.
Double ouch

Aye and lads couldn't post the forms away fast enough to join in

Castlekeeper · 02-02-2019 3:01pm

Wildsurfer wrote: »

Why not? They are offering a fixed price for 3 years(on 10% of last years supply figures max) at the same price as it's currently at. You must forsee great prospects for milk price despite Brexit?

I'm a Kerry supplier,so it's not very tempting from my point if view, I suppose. I didn't realise Dairygold were so far behind Kerry in current milk price,( 32 v 30.85) as I thought they were usually similar. Over the last 3-4 years I've haven't fixed or forward sold under 32.5c. Also it's only 10% so the end result will be small. I wouldn't foresee Brexit as a positive, but I wouldn't be fixing below current for three years on some thing that might never happen.
Everyone knows their own situation and purchaser best.

mahoney_j · 02-02-2019 3:12pm

On the fixed schemes I don’t get the crying wolf ,no one was forced to sign.if price had tanked (it will)you’d of been sitting pretty .any fixed scheme north of 31 cent I’d be fixing a portion under 30 no

Buford T. Justice XIX · 02-02-2019 4:19pm

mahoney_j wrote: »

On the fixed schemes I don’t get the crying wolf ,no one was forced to sign.if price had tanked (it will)you’d of been sitting pretty .any fixed scheme north of 31 cent I’d be fixing a portion under 30 no

That was probably the reason people flocked to the scheme, the thoughts of milk in the low 20s. If it had hit that level, they would have been delighted to have as much as possible in the scheme.

In fairness, it's an insurance product, you take a hit on price if it goes up so you benefit on price if it drops below. I maxed out on the Kerry scheme 15 months ago as it looked like prices would drop well below 30 at the time. I lost a little last year, I might gain a lot this year if a no-deal Brexit happens.

stretch film · 02-02-2019 4:28pm

Buford T. Justice V wrote: »

That was probably the reason people flocked to the scheme, the thoughts of milk in the low 20s. If it had hit that level, they would have been delighted to have as much as possible in the scheme.

In fairness, it's an insurance product, you take a hit on price if it goes up so you benefit on price if it drops below. I maxed out on the Kerry scheme 15 months ago as it looked like prices would drop well below 30 at the time. I lost a little last year, I might gain a lot this year if a no-deal Brexit happens.

Agree with both of ye . It's the contingencies built into the contingency that irk me.

Gawddawggonnit · 06-02-2019 8:26am

https://news.clal.it/en/chinas-dairy-imports-grow-eu-gains-market-share-even-cheese/

Buford T. Justice XIX · 06-02-2019 3:52pm

GDT up 6.7%.

Buford T. Justice XIX · 12-02-2019 5:33pm

Glanbia holding milk price with a 2c top up, 1c from co-op and 1c from PLC. 30.6c excluding vat whatever the feck that comes to.
https://www.farmersjournal.ie/first-processor-sets-milk-price-for-january-440228

Mortelaro · 12-02-2019 6:06pm

Buford T. Justice V wrote: »

Glanbia holding milk price with a 2c top up, 1c from co-op and 1c from PLC. 30.6c excluding vat whatever the feck that comes to.
https://www.farmersjournal.ie/first-processor-sets-milk-price-for-january-440228

Linky

Their 'press announcement' you'd need to read twice
Parsed I think they're saying 30c base
1 cent 'interim' market payment for January supplies (why that's not a 31c base I don't know but I'd assume they're hinting that January should be returning more than 31c base but that their mathematician is out on annual leave)

Good news is the trading bonus is being paid,a nice average 2850 for most
Whether you got charged €5400 extra because their prices are dear,needs the sums done,maybe a nixer for the mathematicians on leave
Anyhow here's the text

"Glanbia Ireland (GI) has maintained its base milk price for January at 30 cpl including VAT, for manufacturing milk at 3.6% fat and 3.3% protein. In addition, Glanbia Ireland will make an interim market payment of 1cpl (including VAT) on all January milk supplies (excluding Fixed Milk Schemes paying above 31cpl). Glanbia Co-op will make a support payment to Members of 1 cpl including VAT.

The Glanbia Ireland payments and the Glanbia Co-op support payment will be adjusted to reflect the actual constituents of milk delivered by suppliers.

Glanbia Chairman Martin Keane said: “Glanbia Ireland is holding its base price at 30cpl and paying a 1 cent per litre interim market payment as we await developments. Lower supply from key EU regions and a positive GDT has helped market sentiment, but Brexit and global trade tensions continue to create uncertainly around market direction”.

Glanbia Co-op to pay €10.9m Trading Bonus to Members based on 2018 milk supply
Glanbia Co-operative Society (“Glanbia Co-op”) has confirmed that a total of €10.9 million will be paid to milk supplier Members of the Co-op this month as part of its 2018 Trading Bonus Scheme. The Milk Supplier Trading Bonus payment will be made to qualifying Members with their January milk payment and is based on 2018 milk supply volumes.

A total of 3,755 Glanbia Co Members will receive an average Milk Supplier Trading Bonus of €2,850. Two-thirds of Trading Bonus recipients qualified for the top rate bonus payment of 0.75 cent per litre (plus VAT) on their 2018 milk supply as they spent over 7 cpl with Glanbia Ireland last year.

In the coming weeks a further €3m in 2018 Trading Bonus Scheme payments will be made to Members with the distribution of the Grain Supplier Trading Bonus and the Feed Trading Bonus.

Martin Keane said that the Trading Bonus rewards Glanbia Co-op Members for trading with the business that they majority own, Glanbia Ireland. “It is an equitable and transparent means of returning a share of Glanbia Ireland’s profit to active farmers,” he said."

Buford T. Justice XIX · 12-02-2019 6:29pm

Thanks, the Journal article was very confusing for a non Glanbia supplier.

Buford T. Justice XIX · 14-02-2019 2:46pm

Kerry unchanged @32c

whelan2 · 14-02-2019 2:52pm

New Glanbia fixed price 2 year scheme at 31.5cpl

blackdog1 · 14-02-2019 3:02pm

whelan2 wrote: »

New Glanbia fixed price 2 year scheme at 31.5cpl

Dairygold are doing the same price for 3 years.

Mooooo · 14-02-2019 5:01pm

Interesting article in the comic about wyeth and danone. Importing 50k tonne annually of product we produce here

roosterman71 · 18-02-2019 12:24pm

Seen this chart on the CSO this morning tracking milk price since 2005

https://www.cso.ie/px/pxeirestat/statire/Graphics/MakeGraph.asp?gr_type=1&gr_width=1500&gr_height=800&gr_fontsize=11&menu=y&PLanguage=0&pxfile=20192189324411299552AJM07.px&wonload=1500&honload=900&rotate=

dalalada · 18-02-2019 4:34pm

Can anyone tell me in plain language what it takes for milk to go into the 40s again? and will it ever happen. it's a joke how fert and feed price rises dramatically in 10 years yet milk stays the same.

Timmaay · 18-02-2019 5:19pm

dalalada wrote: »

Can anyone tell me in plain language what it takes for milk to go into the 40s again? and will it ever happen. it's a joke how fert and feed price rises dramatically in 10 years yet milk stays the same.

Be careful what you wish for. Milk at 40c/l would encourage the high input low margin milk powerhouses like the USA to absolutely turn on the taps and pump out milk, which would inevitably be followed by a huge oversupply, and milk back to 25c/l. In the context of the Irish grass based system, 2bh if you are struggling to make a reasonable living at the second with the base at 32c/l, alongside the likes of 5c/l on top of it for solids then you serously need to examine yourown system.

Mooooo · 19-02-2019 3:49pm

Dairygold held at 31.5

Buford T. Justice XIX · 19-02-2019 4:39pm

GDT up 0.9%

roosterman71 · 19-02-2019 5:36pm

Mooooo wrote: »

Dairygold held at 31.5

As a non dairy lad, is that what ye get paid, or is there extra depending on solids and things?

Milk Price III

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