Arrabawn Co-op is the latest in a growing number of processors to announce a milk price increase for May supplies.
The board of Arrabawn Co-op met today; they decided to announce a milk price increase of 1c/L for milk manufactured in May.
This has increased the base price for Arrabawn suppliers to 32.75c/L including VAT. The most recent milk price increase from Arrabawn, prior to this announcement, came in January.
Yesterday, Kerry revealed that it will be increasing its milk price for milk supplied in May by 1c/L. This increase will bring its base price to 32c/L including VAT; this milk price is based on milk supplied at 3.3% protein and 3.6% fat.
Kerry held its milk price at 31c/L for three consecutive months prior to this announcement. Its most recent milk price increase, of 2c/L, was announced for January supplies.
Lakeland Dairies increased its base price by 1c/L; its suppliers will be paid 32c/L including VAT for milk produced in May.
This is the first time that Lakeland Dairies has announced a milk price increase in three months; the most recent increase, of 1c/L, from the processor came in the first month of the year.
The processor operates within a 15-county catchment area across the northern half of the island of Ireland.
Glanbia Ingredients Ireland (GII) increased its base price for May by 1c/L, for manufacturing milk at 3.6% fat and 3.3% protein.
This milk price increase follows on from three consecutive months of the processor deciding to hold its base price at 31c/L including VAT; prior to this month, the last milk price increase of 1c/L from Glanbia came in January.
The increase reflected the improved returns from some products, particularly butter, according to the chairman of Glanbia Henry Corbally.
But he cautioned that the supply/demand balance was uneven across the product portfolio. As always, market returns and milk price will be reviewed by the board on a monthly basis, he added.