Aurivo ups its milk price for June supplies by 1.5c/L
The board of Aurivo recently decided to increase its base price for June milk by 1.5c/L following a recent meeting.
Suppliers of Aurivo will receive a price of 33.5c/L including VAT for manufacturing milk at 3.6% fat and 3.3% protein.
Based throughout the west of Ireland, Aurivo announced an increase of 1c/L last month for May milk.
The processor decided to set its milk price at 31c/L including VAT for April; the board removed its early calving bonus of 1.4c/L, which was in place during February and March.
Up until February of this year, Aurivo milk suppliers enjoyed eight months of consecutive monthly milk price increases; the milk price for March supplies remained static.
Suppliers of Arrabawn will receive a base price of 33.75c/L, including VAT. Meanwhile, Dairygold will offer a base milk price of 33.5c/L – including both VAT and a 0.5c/L quality bonus – for June milk.
Last week, Kerry joined Glanbia Ireland and Lakeland Dairies in announcing its decision to up its milk price to 33c/L, including VAT, for June milk.
This represented an increase of 1c/L from each of the processors, when compared with the milk price they offered in the previous month.
Meanwhile, Ornua also announced an increase in its Purchase Price Index (PPI) for the month of June, with a value of 110% given late last week.
The PPI rose from 106.8% for the month of May; a jump of 3.2 percentage points. This is the second consecutive price increase from April’s value of 105%.