Arrabawn has cut its September milk price by 2c/L, it has announced.
This brings its September milk price down to 33c/L (inc. VAT), a spokesperson for the co-op said. It comes after all the major dairy co-ops also cut their September milk price. Most processors have cut the September milk price by at least 2c/L.
Lakeland Dairies has reduced its milk price by 2c/L to 33c/L for September milk.
Kerry Group cut its September milk price by 3c/L, bringing the price down to 32c/L. It comes after the dairy processor held its August price.
Late last week, Glanbia cut its September milk price earlier this week by 2.5c/L. The move means Glanbia’s September milk price is 30.5c/L, down 2.5c/L from its August milk price of 33c/L.
Glanbia Society is proposing a patronage bonus which will offset the impact of the price adjustment and was communicated to its suppliers.
Glanbia also cut its August milk price by 2c/L to 33c/L. Last month it explained that, due to market conditions, Glanbia Ireland Ingredients Limited had reduced its August manufacturing milk price by 2c/l to 33c/L (inc. VAT).
Town of Monaghan has also cuts its milk price for September by 1c/L to 33c/L.