Arrabawn has become the latest processor to announce its milk price for June – revealing a boost to last month’s figure.
The cooperative revealed its June price today, Friday, July 17, announcing a 1.5c/L increase on the May figure.
In a statement, a spokesperson for Arrabawn said:
The Arrabawn board has decided to increase its milk price for June by 1.5c/L to 30.5c/L.
“This price reflects the recent upturn in dairy markets,” the co-op representative added.
Dairygold milk price
Earlier today, Dairygold confirmed an increase of 1c/L for its June quoted milk price.
This brings the Dairygold figure to 30.19c/L, based on standard constituents of 3.3% protein and 3.6% butterfat, including bonuses and VAT.
A spokesperson for the southern co-op said: “This equates to an average farmgate milk price of 32.84c/L based on average June milk solids, achieved by our suppliers, for all milk supplied to Dairygold.
Dairy markets have shown more positive market sentiment in recent weeks but global uncertainty and volatility prevails.
“Based on the recent improvement in market sentiment, the Dairygold board decided to increase the June milk price by 1c/L and will continue to monitor the dairy market situation,” the representative concluded.
This follows earlier milk price announcements from Kerry, Glanbia and Lakeland Dairies in recent days.