Milk Price III

mf240

kevthegaff wrote: »

The more people in isolation, the more milk consumed with tea and coffee you would hope..

Where would they get it though.

whelan2

See Siobhan didnt accept her bonuses after last years bad results

alps

Mortelaro wrote: »

Are you aware that there is no disease issue with world wide haulage,the corona virus doesn't survive more than 24hrs on a products surface, so what exactly would close international shipping lanes?

The only issue is with some countries requiring crew to be tested and a reduction in container capacity as china isnt exporting as much,how long will the container capacity be hit,not long
Fact is product that needs to be moved can be

Distinct problem moving product..

I'm hearing baby formula factory in Cork on slow this week and shutting down next week..

Mortelaro

alps wrote: »

Distinct problem moving product..

I'm hearing baby formula factory in Cork on slow this week and shutting down next week..

I didn't know they have one in Cork
Theres one in Belview supposed to be opening this year
Babies still have to be fed

alps

Mortelaro wrote: »

I didn't know they have one in Cork

There you are...

Every day's a learning day..

Mortelaro

alps wrote: »

There you are...

Every day's a learning day..

What is the problem moving product btw?

Mortelaro

Glanbia unchanged at 31cpl inc vat for feb milk
3cpl for spring producers early calving bonus bringing that to 35cpl base and 0.4cpl co op profit share
Total 34.4cpl plus solids

Mooooo

Mortelaro wrote: »

Glanbia unchanged at 31cpl inc vat for feb milk
4cpl for spring producers early calving bonus bringing that to 35cpl base and 0.4cpl co op profit share
Total 35.4cpl plus solids

Is that 4 cent dependant on going over a certain percentage of yearly supply? Or how does it work?

Mortelaro

Mooooo wrote: »

Is that 4 cent dependant on going over a certain percentage of yearly supply? Or how does it work?

You need under the seasonality rule to supply 3% of your yearly supply in February

https://www.glanbiaconnect.com/news/terms-of-the-2018-seasonality-scheme

Its actually 3cpl
1cpl less than that link
So its 34.4,not 35.4 cpl
I've amended my post
I'm not sure but I think the seasonality has been suspended for the past year

Those who moved from liquid or winter contracts in the last year to spring will not receive it either until 2021
But they get their transition payment of 6.5cpl on their old winter volumes in February,November and December 2020

GrasstoMilk

Mortelaro wrote: »

You need under the seasonality rule to supply 3% of your yearly supply in February

https://www.glanbiaconnect.com/news/terms-of-the-2018-seasonality-scheme

Its actually 3cpl
1cpl less than that link
So its 34.4,not 35.4 cpl
I've amended my post
I'm not sure but I think the seasonality has been suspended for the past year

Those who moved from liquid or winter contracts in the last year to spring will not receive it either until 2021
But they get their transition payment of 6.5cpl on their old winter volumes in February,November and December 2020

No transition payment if you left winter contract. Not that I'm aware of.
What happens if you supply more than the 3% in feb?
We sent 6% based on what they project us to do for the year

alps

Mortelaro wrote: »

What is the problem moving product btw?

It's being described as a logistical issue, but you'd have to be concerned that it's a sales issue. Dont know if it's all China related or not..

Mortelaro

GrasstoMilk wrote: »

No transition payment if you left winter contract. Not that I'm aware of.
What happens if you supply more than the 3% in feb?
We sent 6% based on what they project us to do for the year

Yeah I think transition is liquid only
I think the 3% is a min requirement
There isn't a max

Mortelaro

alps wrote: »

It's being described as a logistical issue, but you'd have to be concerned that it's a sales issue. Dont know if it's all China related or not..

Glanbia's record in sales or management hasn't been all smelling of Rose's in recent (or any) years to be Frank,so confidence that the right decisions would be taken in normal times never mind now would be low in my opinion
Heaven help us

kevthegaff

Base price not too bad all considering, I thought they'd pull the price abit

Buford T. Justice XIX

kevthegaff wrote: »

Base price not too bad all considering, I thought they'd pull the price abit

Kerry have pulled their current fixed price offer from 32.6c/l before Christmas to a range of 29-29.6c/l for the current offer.

It's coming down the tracks for peak milk again.

Mooooo

Dairygold held for Feb

Buford T. Justice XIX

Kerry up 1c to a base of 32.5c/l:eek:

awaywithyou

Buford T. Justice VI wrote: »

Kerry up 1c to a base of 32.5c/l:eek:

they offer a forawrd price scheme of 29c/l and then up base price for feb...????? something smells....!

Buford T. Justice XIX

awaywithyou wrote: »

they offer a forawrd price scheme of 29c/l and then up base price for feb...????? something smells....!

I'd say it might be the only rise this year, somehow. Our export markets seem under pressure with the drop in oil price and the slowdown in Chinese distribution and production.

I won't throw it back at them, though.

Buford T. Justice XIX

jaymla627

Glanbia share price is in freefall, closed at 8.40 today down 10% on previous days trading....

Timmaay

jaymla627 wrote: »

Glanbia share price is in freefall, closed at 8.40 today down 10% on previous days trading....

In fairness its only back 20% from its already pathetic price of 11e in jan, many other shares, including CRH, Ryanair, Smurfit down 50% or more.

Panch18

Timmaay wrote: »

In fairness its only back 20% from its already pathetic price of 11e in jan, many other shares, including CRH, Ryanair, Smurfit down 50% or more.

Shares world wide have taken an absolute pasting in last 2 weeks or so

Regardless of the strength of the company or the line of business

I believe wall street is at or worse than 1929. And we are not even at the worst of this yet

whelan2

Timmaay wrote: »

In fairness its only back 20% from its already pathetic price of 11e in jan, many other shares, including CRH, Ryanair, Smurfit down 50% or more.

Glanbia shares where worth 18.39 this day last year. That's some drop

Timmaay

Panch18 wrote: »

Shares world wide have taken an absolute pasting in last 2 weeks or so

Regardless of the strength of the company or the line of business

I believe wall street is at or worse than 1929. And we are not even at the worst of this yet

No Wall street nowhere near 1929 levels, more like 2013 levels, still well above the 2009 recession levels! It could go alot lower yet.

ozil10

Glanbia down to 7.68 at close of today

whelan2

40.68 for February.

greenfield21

Processors must be thinking the effects of this virus will be short lived. I am surprised how quiet they have been usually they are so quick to talk down the price when the market turns.

alps

greenfield21 wrote: »

Processors must be thinking the effects of this virus will be short lived. I am surprised how quiet they have been usually they are so quick to talk down the price when the market turns.

Jim Woulfe on journal today looking for a life raft...

kevthegaff

alps wrote: »

Jim Woulfe on journal today looking for a life raft...

Well?