Stronger export returns raise milk prices
Published 15/02/2011 | 05:00
Milk prices have jumped by between 0.5c/l and 2.3c/l on the back of stronger returns from dairy export markets.
Glanbia were first to announce a milk price increase of 1.5c/l for January supplies, bringing its price to 31.5c/l including VAT. However, the move has been followed by all the main dairies. The highest price paid for January is from Arrabawn, who increased returns for the month by 1.5c/l to pay 32c/l including VAT.
The biggest increase for the month came from Tipperary who moved up 2.3c/l to pay 31.4c/l including VAT.
Dairygold and Centenary increased quotes by 1.5c/l to 31.5c/l including VAT.
Meanwhile, Lakeland Dairies is also on 31.5c/l following a 1c/l hike in the January milk price.
Connacht Gold and Town of Monaghan both lifted prices by 1c/l, with the former now on 31.1c/l including VAT, while Town of Monaghan is on 31c/l.
Wexford Creameries gave suppliers a 0.5c/l increase and moved to 30.29c/l including VAT.
A spokesman for Kerry said that while its milk price of 30c/l remained unchanged, this would be reviewed when spring milk production began in earnest.