Arrabawn has become the latest processor to announce its February milk price, revealing its decision to lift its price for last month’s supplies.
Announced on Tuesday (March 16), the cooperative will raise its price by 1.5c/L.
In a short statement, a spokesperson for Arrabawn said:
The Arrabawn board has decided to increase its milk price for February by 1.5c/L to 33.56c/L.
The above price includes VAT and is based on the standard constituents of 3.3% protein and 3.6% butterfat.
This is the latest in a series of milk price announcements in recent days.
On Tuesday, Dairygold also revealed its offering for February supplies, with the southern co-op increasing its February quoted milk price by 1.7c/L.
In addition, the February Early Calving Bonus of 2.0c/L will be paid on milk supplied in February in accordance with milk quality criteria.
The quoted milk price for February based on EU standard constituents of 3.4% protein and 4.2% butterfat is 37.2c/L, excluding the Early Calving Bonus.
Meanwhile, on Monday, Kerry Group announced a 1c/L lift to its milk price. A spokesperson for the processor said:
Our Kerry Group base price for February milk supplies will increase by 1c/L to 33c/L including VAT at 3.30% protein and 3.60% butterfat.
This translates to 36.266c/L including VAT at EU Standard Constituents 3.40% protein and 4.20% butterfat, the spokesperson added.