An increase of 1c/L has been announced by Arrabawn Co-op for January milk supplies, a spokesperson for the co-op has confirmed to Agriland.
The co-op has decided to increase its milk price by 1c/L for January, bringing its base price to 31.74c/L.
This follows on from a similar milk price increase by Arrabawn Co-op for December supplies, announced last month.
Arrabawn Co-op has become the fourth co-op to confirm a price increase for January milk, following on from Glanbia, Lakeland Dairies and Kerry.
Last week co-ops started setting January milk prices, with Glanbia and Lakeland Dairies announcing increases on Friday, February 11.
Glanbia has confirmed that it will pay its milk suppliers 31c/L, including VAT, for January manufacturing milk supplies.
Glanbia Ingredients Ireland (GII) has increased its base price for January by 1c/L to 31c/L including VAT for manufacturing milk at 3.6% fat and 3.3% protein.
Meanwhile, Lakeland Dairies has also increased its January milk price by 1c/L, the co-op confirmed.
Lakelands suppliers will receive a base price of 31.28c/L, including VAT, for January milk.
Kerry has also announced that it will be increasing its milk price by 2c/L for January, bringing its milk price to 31c/L including VAT for the month.
Ornua Milk Levy
The Ornua Board has decided that no immediate reintroduction of the monthly Ornua milk levy, which was suspended on May 1, 2016, will take place.
The levy takes 0.14c off each litre of milk produced.
It was agreed at that time that the Ornua Board would reconsider the suspension of the milk levy when the Ornua Purchase Price Index returned to 103 (the equivalent of 30.c/L, including VAT) for three consecutive months.
However, the Ornua Board has decided, in recognition of the ongoing challenges being experienced by Irish dairy farming families due to the recent global dairy market downturn, that a more sustained period of a sustainable milk price would be required before a reintroduction is considered.
The Ornua Board will reconsider the suspension of the milk levy, again, in autumn 2017.