LacPatrick increases December milk price

LacPatrick co-op has announced that it will be increasing its milk price by 1c/L for December supplies.

This will leave its December milk price at 30.25c/L including VAT as well as the Sustainable Dairy Assurance Scheme (SDAS) bonus.

The most recent increase follows LacPatricks decision to increase its milk price by 2c/L for November supplies.

LacPatrick are the latest co-op to announce an increase for December milk supplies, with other co-ops announcing increases earlier this month.

Kerry was the only co-op to announce that it was holding its December milk price at 29c/L.

Both Aurivo and Glanbia are offering a milk price of 30c/L for December supplies, an increase of 1c/L compared to the previous month.

Lakeland is offering a similar price to LacPatrick, 30.28c/L, with the co-op also deciding to increase its December milk price by 1c/L.

Following a 1c/L increase, Arrabawn will pay its suppliers a base milk price of 30.75c/L for December supplies, the highest on offer. 

Meanwhile, Dairygold was the co-op to announce the highest December price increase with a jump of 1.5c/L, bringing the price to 30.5c/L.

Mixed Prices At Latest GDT Auction

At the latest Global Dairy Trade Auction held in New Zealand product prices were mixed, but the overall price of the dairy products on offer improved by 0.6%.

This follows on from the first auction of the year, which was held two weeks ago, where prices declined by 3.9%.

Whole milk powder (WMP) prices were down by 0.1% at today’s auction, with lactose and rennet casein prices posted a mixed performance.

Skimmed Milk Powder (SMP) prices were also down by 1.6%, but butter prices actually improved by 1.6% on the previous auction results.