Two more co-ops announce October milk price increases
Both Arrabawn Co-op and Dairygold have announced milk price increases for October supplies of milk.
The Arrabawn Board agreed yesterday to increase the base milk price by 2c/L and that the market support of 0.5c which was paid in previous months has being discontinued as the funds have being fully utilised, a spokesperson said.
This increase in milk price brings the base price for October milk to 28.18c/L.
Meanwhile, following a meeting today the Dairygold Board has set its milk price for October at 28c/L including a 0.5c/L quality bonus and VAT.
This increase in milk price from Dairygold is up 2c/L on the September price.
Aurivo co-op has also increased its milk price for October, by 1.25c/L bringing the price for October supplies to 27c/L, including VAT.
Meanwhile, Glanbia also announced that members suppliers will receive 28c/L, including VAT, for October milk supplies.
This price is inclusive of a 1c/L Glanbia Co-operative Society support payment to its members.
Glanbia Ingredients Ireland (GII) has increased its base price by 2c/L to 27c/L including VAT for manufacturing milk at 3.6% fat and 3.3% protein.
Last week, following a meeting of the Lakeland Dairies board, it decided to increase its October milk price by 1c/L.
The 1c/L increase brings the October milk price paid to farmer suppliers to 27c/L including VAT, and it follows on from last month’s 1c/L milk price increase.