March 2022 Milk Price: Processor announces a 4c/L increase
Carbery has become the latest processor to announce its milk price for March 2022 supplies.
Earlier today (Monday, April 25th, 2022), a spokesperson for the processor confirmed a 4c/L increase in its milk price.
If its West Cork co-ops; Bandon, Barryroe, Drinagh and Lisavaird, replicate this decision, this will result in an average price for March of 47.8c/L, inclusive of VAT and 0.5c/L Somatic Cell Count (SCC) bonus.
A spokesperson for Carbery confirmed that the board agreed the increase due to the “continuing” strong performance of dairy markets.
It said that it also factored in increasing input costs facing farmers.
Aurivo sets milk price for March 2022 supplies
Last week, Aurivo confirmed its milk price for March 2022 supplies.
Its board has increased its base milk price by 3.5c and will pay a price of 47.97c/L inclusive of standard bonuses, VAT and a further 1.4c/L early calving bonus.
According to a statement that a spokesperson provided to That’s Farming on behalf of the processor, this converts to the equivalent of 52.41c/L at EU standard constituents 3.4 Prt/4.2 Bfat.
The spokesperson acknowledged that global dairy demand remains solid due to lower global supply.
However, they noted that “significant” increases in on-farm and factory production costs are off-setting this.
Other dairy news
Meanwhile, last week, the board of Glanbia Co-op has announced changes to its peak milk management policy for 2022.
The news comes following the processor’s review of its latest milk supply forecasts for this year.
According to Glanbia, its milk supplies are 2.4% behind the same period last year. It stated that this is primarily due to the “extreme and unprecedented” inflation in farm input costs and slower grass growth.
It stated that the delay in the planning approval process for a new cheese plant at Belview necessitated the introduction of a peak management policy for April, May and June in 2022, 2023 and 2024.
Therefore, the process will increase each individual milk supplier’s peak milk allocation for April, May and June of 2022 to their 2023 figure.