FrieslandCampina holds its September milk price at 27.55c/L
FrieslandCampina is to hold its guaranteed price for raw milk for September 2015 at €28.50 per 100kg of milk which is the equivalent of 27.55c/L when converted to Irish constituents.
In August the co-op cut its milk price by €1.50 and it followed on from a drop in June when the guaranteed milk price was €32.00 per 100kg.
FrieslandCampina said that market conditions remain difficult.
Quoted prices for dairy products remain under pressure as a result of the lagging demand for dairy products from the dairy-importing countries and the high milk supply, it said.
The protein price in September 2015 is the same as August at €465.23, the fat price is €232.62 and the lactose price is €46.52 per 100kg.
The guaranteed price applies to 100kg of milk with a protein content of 3.47%, a fat content of 4.41% and a lactose content of 4.51% and is exclusive of VAT.
Coveney calls on EU to temporarily increase intervention price
The Minister for Agriculture Simon Coveney has called on the EU to temporarily increase the current intervention prices for butter and skimmed milk powder (SMP).
The Minister was speaking after meetings with the European Commissioner for Agriculture Phil Hogan and French minister for agriculture Stephane Le Foll.
A number of options were presented to the Commissioner, a six-point plan, which could help alleviate current difficulties such as using the flexibilities under exceptional measures to temporarily increase the intervention prices for butter and SMP to levels which provide a realistic floor price.
Commissioner Hogan has said that he will outline a comprehensive response to the short- and medium-term challenges within the dairy sector on September 7 at the extraordinary Agriculture Council meeting.