Arrabawn Co-op has become the latest processor to reveal its milk price for January supplies, announcing an increase.
The cooperative revealed its January price this afternoon (Thursday, February 18) following a meeting of its board.
A spokesperson for the co-op said:
The Arrabawn board has decided to increase its milk price for January by 0.5c to 32.06c/L.
The co-op’s price is based on the standard 3.3% protein and 3.6% butterfat, including VAT.
This follows price announcements from Dairygold and Kerry Group earlier this week.
On Tuesday (February 16), Dairygold said it has maintained its January quoted milk price at 32.311c/L, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of bonuses and VAT.
In addition, the January Early Calving Bonus of 3.0c/L including VAT will be paid on milk supplied in January in accordance with milk quality criteria.
The quoted milk price for January based on EU Standard constituents of 3.4% protein and 4.2% butterfat is 35.353c/L, the co-op added.
Meanwhile, Kerry Group revealed its price on Monday. In a short statement, a spokesperson for the processor said:
Our Kerry Group base price for January milk supplies is 32c/L including VAT at 3.30% protein and 3.60% butterfat.
In accordance with the new information being included in dairy processor milk prices – in line with EU rules – Kerry says that the January price is 35.178c/L including VAT at EU standard constituents of 3.40% protein and 4.20% butterfat.