Aurivo the latest co-op to set January milk price

Aurivo is the latest co-op to set a price for January supplies of milk and it has followed Glanbia and Dairygold in holding its price.

Aurivo co-op has held its milk price at 25c/L, the same price it has held for the last several months.

Yesterday, the Board of Dairygold met and decided to hold its milk price for January supplies of milk at 25.5c/L.

It followed Glanbia in holding its milk price for January. Glanbia announced earlier this week that it will hold its milk price for member supplies at 25c/L including VAT.

This price is also inclusive of a 1c/L Glanbia Co-Operative Society support payment to its members.

Glanbia Ingredients Ireland (GII) also announced yesterday that it has set a January market price of 24c/L including VAT for manufacturing milk at 3.6% fat and 3.3% protein.

The Board of Glanbia Co-operative Society has decided to pay members that have signed an MSA a bonus of 1c/L (including VAT) for January manufacturing and liquid milk supplies.

Meanwhile last week, the Board of Lakeland Dairies met and cut its January milk price for base supplies from 26.25c/L to 25.5c/L.

If a lactose bonus (0.28c) is applicable, the milk price would be 28.78c/L including VAT. Lakeland Dairies had held its milk price for December supplies of milk.

The remaining co-ops are expected to set their milk prices later this week.