Arrabawn Co-op has become the latest processor to reveal its milk price for the month of March, announcing an increase to its price.
The announcement this afternoon (Thursday, April 15) follows a meeting of the board of Arrabawn Co-op this week.
Arrabawn price
In a short statement, a spokesperson for the cooperative confirmed:
“The Arrabawn board has decided to increase its milk price for March by 1c/L to 34.56c/L.
This follows similar moves to increase milk prices from other processors in recent days.
Three processors have revealed their March milk prices prior to Arrabawn’s announcement today, namely: Kerry Group; Lakeland Dairies; and Glanbia.
Other processor prices
Yesterday, a representative for Kerry Group said: “Our Kerry Group base price for March milk supplies will increase by 1c/L to 34c/L including VAT at 3.30% protein and 3.60% butterfat.”
On Tuesday, Lakeland Dairies revealed that, in the Republic of Ireland, a base price of 34.34c/L including VAT and lactose will be paid for milk supplied in March.
This is an increase of 1c/L on February. In addition, a special unconditional Lakeland Bonus of 1c/L plus VAT will also be paid on all March milk .
In Northern Ireland, a base price of 28p/L will be paid for March milk. This is an increase of 0.75p/L on February.
In addition, a special unconditional Lakeland Bonus of 1p/L will also be paid for all March milk.
Meanwhile, Glanbia said on Monday that it “will pay its member milk suppliers 34.6c/L including VAT for March creamery milk supplies at 3.6% butterfat and 3.3% protein”.
“Glanbia Ireland (GI) will pay a base milk price for March of 34.18c/L including VAT for creamery milk at 3.6% fat and 3.3% protein.
This is an increase of 1.5c/L including VAT from the February base price.
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’.