Kerry and Arrabawn the latest co-ops to increase milk price for September
Kerry Group is latest co-op to increase its milk price for September supplies of milk, with suppliers receiving a 1c/L rise in price.
Farmers supplying Kerry will receive 26c/L for September milk, a spokesperson for Kerry confirmed.
Following a meeting today, Arrabawn co-op raised its price for September supplies by 1c/L.
A spokesperson for the co-op said that it will continue with price support of 0.5c/L for September milk bringing the milk price to 26.7c/L.
Earlier this week, Glanbia increased its milk price for members to 26c/L for September milk supplies, which includes a 1c/L milk price support from the co-op.
Last month, Glanbia member suppliers received 25c/L for August supplies, which included a 2c/L Glanbia Co-operative Society support payment.
Glanbia Ingredients Ireland will pay 25c/L, an increase of 2c/L including VAT, for September milk, with a 1c/L of milk price support from Glanbia Co-operative to its members.
Henry Corbally, Glanbia Chairman, welcomed the recent dairy market improvement and said that Glanbia will continue to monitor markets on a monthly basis.
Lakeland Dairies also announced that it is to increase its milk price for September supplies by 1c/L. Member suppliers will receive 26c/L for September milk.
Last week, the Ornua PPI rose for a third consecutive time last week with PPI rising to 92.2 points for September.
Ornua’s September PPI is the equivalent of 26.6c/L, VAT inclusive and is based on Ornua’s product purchase mix and assumed costs of 6.5c/L.
For August, the PPI rose to 85.8 points, rising from the July PPI of 81.8 points.