Dairy Council Report September 2021

Farmgate Prices – July 2021

Processor	PROTEIN €/kg	c/L protein value	FAT €/kg	c/L fat value	VOLUME CHARGE	A+B-C	Bonus	VAT exclusive	VAT	VAT inclusive
DAIRYGOLD	6.57	22.33	4.01	14.89	4.00	33.22	0.65	33.87	1.90	35.76
KERRY	6.33	21.51	4.22	15.64	4.00	33.15	1.447	34.60	1.94	36.54
LAKELAND	7.11	24.17	3.62	13.43	3.50	34.10	0	34.10	1.91	36.01
GLANBIA	7.11	24.15	3.55	13.17	4.00	33.32	0.398	33.72	1.89	35.61
AURIVO	6.60	22.43	4.12	15.26	4.25	33.44	0.44	33.88	1.90	35.78
BARRYROE	6.41	21.80	4.28	15.85	4.00	33.65	0.5	34.15	1.91	36.06
ARRABAWN	7.09	24.10	3.50	12.97	3.35	33.72	0.2	33.92	1.90	35.82
DRINAGH	6.38	21.67	4.25	15.76	3.55	33.88	0.5	34.38	1.93	36.31
TIPPERARY CO-OP	6.34	21.56	4.23	15.68	4.00	33.24	0.25	33.49	1.88	35.36
NORTH CORK	6.63	22.53	3.98	14.75	4.00	33.28	0.6	33.88	1.90	35.78

 

Ornua PPI – July 2021

The Ornua PPI for August is due to be published this week. Below are the last four months prices, including VAT.

	Apr	May	Jun	Jul
Ornua PPI	115.1	116.8	119.9	118.6
Ornua PPI (c/L)	34.2	34.8	35.9	35.5
Ornua Value Payment	€6.76m	€7.63m	€9.67m	€10.05m
Adjusted PPI (c/L)	36.65	36.99	38.11	38.72

Milk supply -July 2021

Domestic milk production was estimated at 1,018 million litres for July 2021. This represents an increase of 3.3% over July 2020. The Protein content decreased from 3.51% in July 2020 to 3.44% in July 2021. The Fat content also decreased from 4.04% to 4.00% during this period. During the period January to July 2021, domestic intake was estimated at 5,691 million litres, an increase of 6.4% when compared to the corresponding period for 2020.

Latest Commodity prices 

	Butter	SMP	Cheese
GDT – 17th August	€4041 (+4.0%)	€2585 (+1.1%)	€3544 (+2.8%)
EU quotes – 25thAugust	€4010 (+0.3%)	€2530 (+1.1%)	€3250 (+0.9%)

 

 

European Futures Market 

	Butter	SMP	Whey
EEX – 27th August for Sept 2021 – Apr 2022 period	€4102 (+1.0%)	€2614 (+2.1%)	€940 (0.0%)

Nitrates Action Programme – Second phase 

• Submission due 20^th September. 
• 15 Proposals.
• No analysis on the impact of such proposals on farm profitability.
• Some proposals don’t fall under the remit of the Nitrates Action Programme
• IFA reject:
  • Any extension of the closed period for slurry.
  • Covering external slurry stores.
  • Increases to soiled water storage.
  • Compulsory use of LESS on farms stocked above 100kgN/ha. 
• A guidance document has been created and circulated on the consultation. 
• We are encouraging all stakeholders to get involved in the consultation process.