Milk Price III

einn32

Gawddawggonnit wrote: »

https://www.lesoir.be/268805/article/2019-12-23/des-prix-du-lait-trop-bas-coutent-sa-place-au-ceo-de-milcobel

Peter Koopmans, CEO of Milcobel is fired for not returning a fair price to suppliers...

They get a bonus for that in Ireland.

whelan2

whelan2 wrote: »

Just back from fmp meeting. A decision is going to be made hopefully before christmas where the funding is going to come from for expansion milk. Time to get onto your local glanbia board member and air your views.

Anyone hear anything more on this?

Water John

Senior management don't work over Christmas. Only goms like us do that.

jaymla627

whelan2 wrote: »

Anyone hear anything more on this?

They could be waiting till lads start calving, and have no time to make any noise about it, poor form they didn't stick to their word and let suppliers know like they promised what the situation is going forward before the year was out

Mortelaro

whelan2 wrote: »

Anyone hear anything more on this?

It's probably the least of our woes..
They'll need another few cent to cover this :eek:
Just who is driving this bus ?

https://www.irishtimes.com/business/agribusiness-and-food/glanbia-to-defend-us-lawsuit-over-drink-ingredients-from-china-1.4129939

jaymla627

Mortelaro wrote: »

It's probably the least of our woes..
They'll need another few cent to cover this :eek:
Just who is driving this bus ?

https://www.irishtimes.com/business/agribusiness-and-food/glanbia-to-defend-us-lawsuit-over-drink-ingredients-from-china-1.4129939

If its found Chinese company stole Americans company patent and then used glanbia as the middleman to facilitate getting their product into America, they are in for some settlement bill....
Will be a great question to ask at these supplier meetings coming up

Say my name

Mortelaro wrote: »

It's probably the least of our woes..
They'll need another few cent to cover this :eek:
Just who is driving this bus ?

https://www.irishtimes.com/business/agribusiness-and-food/glanbia-to-defend-us-lawsuit-over-drink-ingredients-from-china-1.4129939

Reminds me of a compulsive gambler on a Paddy Power website picking horses running in the dirt track handicaps in the U.S. based on nothing only which is the favourite.

Mortelaro

jaymla627 wrote: »

If its found Chinese company stole Americans company patent and then used glanbia as the middleman to facilitate getting their product into America, they are in for some settlement bill....
Will be a great question to ask at these supplier meetings coming up

They wont answer or say don't worry
The time to ask is at the meetings to approve the 5 cent on the dollar buy out of the CoOp by Lakeland before approving the share spin out of €11 each (eleven euros)

jaymla627

Mortelaro wrote: »

They wont answer or say don't worry
The time to ask is at the meetings to approve the 5 cent on the dollar buy out of the CoOp by Lakeland before approving the share spin out of €11 each (eleven euros)

The co-op detaching itself completely from the plc would be a best case scenario, with the plc off-loading its interests to a different company like synalot, just spinout co-op shares to members and take whatever they are making on stock market...
It's a case of when and not if the proverbial hits the fan with the plc

Buford T. Justice XIX

GDT up 2.8%. Everything up!

Gawddawggonnit

36.3cpl + vat base for Jan/Feb/Mar @ 3.2pr and 3.8bf. That’s after 3cpl deducted for a rainy day fund.
I hate this rainy day fund BS...it’s MY money and it should be up to me how I spend it!
Organic milk is 52cpl + vat base. Some money for doing feck all extra.


There was a German dairy farmer/farmers union on radio saying that German dairy farmers need 42cpl to get by.
Like WTF?

Buford T. Justice XIX

Lakeland up by 1c.
https://twitter.com/FJDairy/status/1216699804757131264?s=19

Castlekeeper

Gawddawggonnit wrote: »

36.3cpl + vat base for Jan/Feb/Mar @ 3.2pr and 3.8bf. That’s after 3cpl deducted for a rainy day fund.
I hate this rainy day fund BS...it’s MY money and it should be up to me how I spend it!
Organic milk is 52cpl + vat base. Some money for doing feck all extra.


There was a German dairy farmer/farmers union on radio saying that German dairy farmers need 42cpl to get by.
Like WTF?

Sounds like a good farmers union rep.

Buford T. Justice XIX

Glanbia rises to 31c, including 1c of top up money

https://www.agriland.ie/farming-news/glanbia-reveals-december-price-rise-and-seasonality-bonus-details/

Buford T. Justice XIX

Kerry up 1c to 31.5c

Mortelaro

In 2020,all glanbia suppliers are to get 0.4cpl per month as a profit share from the CoOp and its adjusted for solids with vat added so probably a half cent for most or 0.6c

The trading bonus is hurt as a result
It's down to 0 2cpl for those that trade between 5 and 7cpl with glanbia
The top amount is now 0.4cpl but the threshold is up a cent to an 8cpl spend
So if you routinely spend 8cpl+ in the glanbia store you'll get a 1cpl roughly top up on your annual milk supply

The new 2020 fixed 31cpl inc vat requires a 5cpl spend already
If base goes above 31 this year say to 32,then weirdly,unless I'm missing something,those who took this years fixed have No incentive at all to trade with Glanbia

Many if not most people's experiences mind you are that higher prices in glanbia
anyway versus the competition already make trading elsewhere worth way more than the bonuses

wats the craic

strathroy milk price spring 30cpl +o.5quality bonus + vat , winter 30cpl +0.5 +quality bonus +10cent winter bonus +vat

Mooooo

Dairygold increased to 30.5c/L

Mortelaro

wats the craic wrote: »

strathroy milk price spring 30cpl +o.5quality bonus + vat , winter 30cpl +0.5 +quality bonus +10cent winter bonus +vat

So base manufacturing price inc vat is 32c
Base winter price inc Vat is 42c
Is the winter price on a fixed number of litres or all the supply in winter months?

wats the craic

Mortelaro wrote: »

So base manufacturing price inc vat is 32c
Base winter price inc Vat is 42c
Is the winter price on a fixed number of litres or all the supply in winter months?

i am not into winter milk myself so not competly update with the contract . but they pay 5 cpl bonus for nov and feb , and 10 cpl bonus for dec and jan + all milk is paid on the a+b-c system . their is talks of changing the contract so you would have supply 20 percent of your total volume in the winter months , and has long as u meet this you get paid for every litre supplied . there is no limit on liquid contract like with glanbia . as i said i am only a ave spring man .

Mortelaro

wats the craic wrote: »

i am not into winter milk myself so not competly update with the contract . but they pay 5 cpl bonus for nov and feb , and 10 cpl bonus for dec and jan + all milk is paid on the a+b-c system . their is talks of changing the contract so you would have supply 20 percent of your total volume in the winter months , and has long as u meet this you get paid for every litre supplied . there is no limit on liquid contract like with glanbia . as i said i am only a ave spring man .

That's interesting, so basically if you have a winter contract with Strathroy, ALL your milk goes in at 42c base plus solids this winter versus for example most glanbia lads where it might only be half and 4c less than strathroy on that half
12c less on the surplus :eek:
Infuckingcredible

wats the craic

Mortelaro wrote: »

That's interesting, so basically if you have a winter contract with Strathroy, ALL your milk goes in at 42c base plus solids this winter versus for example most glanbia lads where it might only be half and 4c less than strathroy on that half
12c less on the surplus :eek:
Infuckingcredible

yep when you say it that way . sounds crazy allright . but you got to remember glanbia are a top heavy company in wages terms . believe it or not people still winge about the price

degetme

Lads would ye sign up to 32.6 cent for march to October inclusive including vat? That's Kerry's fixed price out at the minute

mahoney_j

degetme wrote: »

Lads would ye sign up to 32.6 cent for march to October inclusive including vat? That's Kerry's fixed price out at the minute

No

mahoney_j

Arrabawn price up 1 cent to 31.2 vat inc
Next fixed scheme announced too ,March to October for this year only 32 cent per litre but u have to trade with coop to value of 5 cent per litre if not 31 .i like fixed schemes but not jumping on this one

degetme

mahoney_j wrote: »

No

What's going to be the base price from the big three for the year? Nothing linked to inputs in Kerry's fixed price schemes

mahoney_j

degetme wrote: »

What's going to be the base price from the big three for the year? Nothing linked to inputs in Kerry's fixed price schemes

33/34 cent

Buford T. Justice XIX

degetme wrote: »

Lads would ye sign up to 32.6 cent for march to October inclusive including vat? That's Kerry's fixed price out at the minute

Current price is 31.5c so I'd be surprised if prices for the year don't exceed 32.6c by a good margin.

Added to that is the disqualification of fixed price litres from any top ups that might be agreed in the future.

I wouldn't go near it unless there was at least another cent in it but that's just me. To me fixing for 32.6c practically guarantees I'd be fixing for less than I'd get from not fixing?

degetme

Buford T. Justice VI wrote: »

Current price is 31.5c so I'd be surprised if prices for the year don't exceed 32.6c by a good margin.

Added to that is the disqualification of fixed price litres from any top ups that might be agreed in the future.

I wouldn't go near it unless there was at least another cent in it but that's just me. To me fixing for 32.6c practically guarantees I'd be fixing for less than I'd get from not fixing?

Ya not bothering with it. No top ups or qa or SCC bonus on that milk either

alps

mahoney_j wrote: »

Arrabawn price up 1 cent to 31.2 vat inc
Next fixed scheme announced too ,March to October for this year only 32 cent per litre but u have to trade with coop to value of 5 cent per litre if not 31 .i like fixed schemes but not jumping on this one

New departure here. This one is backed by FC Stone, not by Ornua. Its backed to 31c with the coop adding the 1c for the 5c spend.

I cant see a 1c profit out of a 5c spend, so it would look to me that the rest of the milk pool will make up the difference.

Might be reading this wrong, but it would be the first clear indication to me as to how the fixed portion of a price could effect the price of the rest of the milk..