Majority of co-ops hold June milk price after May price cuts
The majority of co-ops have decided to hold the milk price for June supplies of milk, with Dairygold the latest co-op to hold the price following a board meeting yesterday (June 19).
Dairygold suppliers will receive 22c/L including VAT for June supplies.
Both Aurivo and Arrabawn have also held their milk prices for June, at 22c/L and 23.68c/L (including 1c/L market bonus). Earlier this month, Lakeland Dairies confirmed that its base milk price for June is 23c/L.
Meanwhile, Kerry held its milk price for June, meaning suppliers will receive 22.5c/L for last month’s milk. In May, Kerry reduced its milk price for supplies of milk by 1c/L to bring the price to 22.5c/L.
Glanbia also set its milk price for June supplies – it will pay its member suppliers 22c/L including VAT for June.
This price is inclusive of a 2c/L Glanbia Co-operative Society support payment to its members.
Glanbia Ingredients Ireland (GII) has held its base price at 20c/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 its members a support payment of 2c/L (including VAT) for June manufacturing and liquid milk supplies.
Last month, it paid its member suppliers a base price of 20c/L for May manufacturing milk supplies, but topped this up with a bonus payment of 2c/L from Glanbia Co-op and 1c/L from GII.
Including these bonuses, member suppliers received 23c/L for May milk, including VAT, for manufacturing milk at 3.6% fat and 3.3% protein.