Arrabawn boosts milk price for July
Arrabawn has become the latest processor to announce its milk price for last month’s supplies, revealing an increase in its offering.
The board of Arrabawn has decided to increase the price to 31c/L including VAT, an increase of 0.5c/L.
This is the second successive month that Arrabawn has decided to increase its price offering.
Yesterday (Tuesday, August 18), Dairygold also revealed an increase in its price, saying: “Dairygold confirms an increase of 0.5c/L for its July quoted milk price to 30.69c/L, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of bonuses and VAT.
“This equates to an average farmgate milk price of 34.1c/L based on average July milk solids, achieved by our suppliers, for all milk supplied to Dairygold.
“Overall dairy market sentiment has quietened over the past number of weeks. Dairygold is carefully monitoring the situation. As is customary, the board will continue to review milk price on a month-by-month basis,” a Dairygold statement added.
The Kerry base milk price for July supplies will be 30.5c/L including VAT. This price is held on the price announced last month.
A spokesperson for the Kerry Group said that: “Based on average July milk solids, the price return, inclusive of VAT and bonuses, is 33.84c/L.”
On Thursday (August 13), Lakeland announced its price, revealing an increase to the base price.
In a statement, a spokesperson for Lakeland said: “In the Republic of Ireland, a base price of 31c/L including VAT will be paid for milk supplied in July. This represents an increase of 1c/L on the June price.”
In Northern Ireland, a base price of 25.25p/L will be paid for July milk. This is an increase of 1p/L on the June price, the co-op added.
Glanbia will pay its member milk suppliers 30.1c/L including VAT for July creamery milk supplies at 3.6% butterfat and 3.3% protein. This is unchanged from the June milk price.
Glanbia Ireland (GI) will pay a base milk price for July of 29.68c/L including VAT for creamery milk at 3.6% fat and 3.3% protein.
Farmer members will also receive a 0.42c/L including VAT payment from Glanbia Co-op on all milk supplied this month as their ‘Share of GI Profit’.