Aurivo has increased its December milk price by 1c/L, a spokesperson for the co-op has confirmed.
This will bring Aurivo’s December milk price to 30c/L including VAT.
This latest price increase from Aurivo represents the sixth monthly milk price increase in a row and reflects the improving markets for the co-op’s products.
Yesterday Kerry announced that it was holding its price for December milk supplies at 29c/L including VAT.
Supply volumes for December were low and Kerry has decided to hold the price at 29c/L after several months of increases, a spokesperson said.
Meanwhile, Dairygold also revealed their December milk price yesterday, deciding to increase their base price by 1.5c/L, meaning farmers supplying the co-op will receive a base milk price of 30.5c/L.
Previous to that, Arrabawn Co-op increased milk price by 1c/L for December supplies, bringing the base milk price to 30.75c/L for December.
Glanbia announced last week that it will pay its suppliers 30c/L including VAT for December manufacturing milk supplies.
Glanbia Ingredients Ireland (GII) has increased its base price for December by 1c/L to 30c/L including VAT for manufacturing milk at 3.6% fat and 3.3% protein.
Following this this decision, there will be no Glanbia Co-operative Society support payment to members this month.
The strong recovery in Glanbia’s milk price in the past six months has resulted in a positive conclusion to a very challenging year for the dairy sector, according to Glanbia Chairman Henry Corbally.
Lakeland also increased the milk price paid for December supplies to 30.28c/L including VAT last week.
The decision to increase the December price by 1c/L follows on from last month’s decision to increase the November milk price by 2c/L to over 29c/L including VAT.
At the latest Global Dairy Trade Auction held in New Zealand product prices were mixed, but the overall price of the dairy products on offer improved by 0.6%.
This follows on from the first auction of the year, which was held two weeks ago, where prices declined by 3.9%.
Skimmed Milk Powder (SMP) prices were also down by 1.6%, but butter prices actually improved by 1.6% on the previous auction results.