Arrabawn and Lacpatrick hold September milk price
Arrabawn co-op has held its September milk price at 26.00c/L and Lacpatrick has also held its September milk price at 26.25c/L.
Arrabawn has raised its base price for September milk from 25.87c/L to 26.07c/L (including VAT).
They follow Carbery, Dairygold, Lakeland Dairies, Aurivo, and Kerry Group in holding the milk price.
Carbery has held its milk price September at 28.9c/L while Dairygold has also held its September milk price, at 25.50c/L.
Glanbia will pay its member suppliers 25c/L including VAT for September milk – farmers with no shares will receive 24c/L.
This price is inclusive of a 1c/L Glanbia Co-Operative Society support payment to its members.
The Glanbia price is a 1c/L reduction on the 26c/L paid to suppliers last month.
The Ornua Purchase Price Index (PPI), a monthly indicator of market returns on dairy products, fell marginally by 0.6 of a point in September.
This is down from 91.2 points in August, which was also down marginally from July (91.8 points).
Earlier this year Ornua saw its PPI for March hit 100 points up 2.5 points from February levels.
Compared to September 2014, the PPI index is down from 111.6 points, the latest fall represents the sixth consecutive fall in 2015.
Meanwhile, after four bumper auctions in a row, prices fell at the latest Global Dairy Trade auction.
Average prices paid at the auction fell 3.1% on the last event held three weeks previously which itself was up 9.9%.
The previous three auctions had seen double-digit increases for dairy prices. This week, key products Whole Milk Powder and Skimmed Milk Powder both fell at today’s auction down 4.6% and 4.5% respectively.