After several major processors set their milk prices for the month of March last week, Aurivo has become the latest processor to do so, revealing an increased price this evening (Monday, April 19).
The board of the processor has decided to increase its base milk price to 35.48c/L. This compares to a base price last month (for February milk) of 34.65c/L.
This month’s price is inclusive of standard bonuses and VAT at 3.3% protein and 3.6 butterfat.
At EU standard constituents, this converts to 38.72c/L at 3.4% protein and 4.2% butterfat.
The price this month includes a 1.4c/L early calving bonus.
Commenting on the state of play in dairy markets at present, Aurivo said: “Markets are generally stable, with demand and supply in equilibrium as we enter peak milk production.”
Other milk prices
Most of the other major players announced their March milk prices last week, all electing to increase their offerings.
In a statement last Friday, Dairygold said it “has increased its March quoted milk price by 0.5c/L to 34.5c/L, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of bonuses and VAT.
“In addition, the March Early Calving Bonus of 1.0c/L will be paid on milk supplied in March in accordance with milk quality criteria.”
The previous day, Thursday, Arrabawn said: “The board has decided to increase its milk price for March by 1c/L to 34.56c/L.”
Last Wednesday, Kerry Group announced: “Our Kerry Group base price for March milk supplies will increase by 1c/L to 34c/L including VAT at 3.3% protein and 3.6% butterfat.”
On Tuesday, Lakeland confirmed that it would pay a base price of 34.34c/L including VAT in the Republic of Ireland. In addition, a special unconditional Lakeland Bonus of 1c/L plus VAT will also be paid on all March milk.
In Northern Ireland, Lakeland will pay a base price of 28p/L for March milk.
And on Monday of last week, Glanbia announced 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.
Farmer members will also receive a 0.42c/L – including VAT – payment from Glanbia Co-op on all milk supplied as their ‘Share of GI Profit’.