Irish Milk Price Tracker Reveals February Increase, Lakeland Tops List
Source: The DairyNews
Agriland and the Irish Creamery Milk Suppliers’ Association (ICMSA) present the latest edition of the Milk Price Tracker, offering a comprehensive overview of milk prices across major Irish dairy co-ops for February.
The Milk Price Tracker serves as a crucial resource for Irish dairy farmers and the wider industry, providing detailed and technically sound comparisons of milk prices. This year, significant updates have been made to ensure easy accessibility of relevant information for readers.
Each co-op's base milk price is color-coded for clarity: green denotes an increase, blank indicates no change, and red signifies a decrease. Co-ops are ranked based on their base milk price.
It's worth noting that the cent-per-litre (c/L) milk prices presented adhere to the widely accepted milk-pricing system, with a conversion factor of 1.03 (1L of milk corresponds to 1.03kg of milk).
Agriland and ICMSA adhere to a policy of excluding support payments, bonuses, or additional payments from the calculation of the base milk price.
Key Highlights:
Lakeland leads the tracker for February with a base price of 40.90c/L, followed closely by Strathroy at 40.50c/L.
The bottom of the table is occupied by Tipperary with a base price of 37.74c/L.
Notable movement includes Kerry dropping from the top half of the table to second from bottom.
Centenary joins the Milk Price Tracker for 2024, employing a base price with a protein and butterfat differential system rather than a traditional A+B-C system.
All milk prices listed reflect those quoted by co-ops for February 2024.
February Bonuses and Penalties:
Further details regarding bonuses and penalties for February can be found here.
The explanatory notes for the Milk Price Tracker detail all bonus and penalty payments, emphasizing that they are based on manufacturing milk.
Conclusion:
The February edition of the Milk Price Tracker illustrates a positive trend for the start of 2024, with all featured co-ops increasing their base price. Lakeland's leading position underscores the ongoing importance of monitoring milk prices for farmers and industry stakeholders alike.
Source
Each co-op's base milk price is color-coded for clarity: green denotes an increase, blank indicates no change, and red signifies a decrease. Co-ops are ranked based on their base milk price.
It's worth noting that the cent-per-litre (c/L) milk prices presented adhere to the widely accepted milk-pricing system, with a conversion factor of 1.03 (1L of milk corresponds to 1.03kg of milk).
Agriland and ICMSA adhere to a policy of excluding support payments, bonuses, or additional payments from the calculation of the base milk price.
Key Highlights:
Lakeland leads the tracker for February with a base price of 40.90c/L, followed closely by Strathroy at 40.50c/L.
The bottom of the table is occupied by Tipperary with a base price of 37.74c/L.
Notable movement includes Kerry dropping from the top half of the table to second from bottom.
Centenary joins the Milk Price Tracker for 2024, employing a base price with a protein and butterfat differential system rather than a traditional A+B-C system.
All milk prices listed reflect those quoted by co-ops for February 2024.
February Bonuses and Penalties:
Further details regarding bonuses and penalties for February can be found here.
The explanatory notes for the Milk Price Tracker detail all bonus and penalty payments, emphasizing that they are based on manufacturing milk.
Conclusion:
The February edition of the Milk Price Tracker illustrates a positive trend for the start of 2024, with all featured co-ops increasing their base price. Lakeland's leading position underscores the ongoing importance of monitoring milk prices for farmers and industry stakeholders alike.
Source
