Co-ops roll in behind June milk price hike
CO-OP boards across the country have followed the example set by Kerry, Glanbia and Town of Monaghan and have increased the prices paid for June milk supplies.
Arrabawn has confirmed that it will increase milk price for June supplies by 1c/l to 34c/l including VAT.
While the board of Lakeland decided to add just 0.5c/l to its June prices, this still put the co-op ahead of most others on 34.25c/l including VAT.
Tipperary Co-op board members added 1c/l to bring its price to 34c/l for June supplies.
Dairygold suppliers will have to wait until later this week for the announcement on whether milk price in their co-op will be increased.
Some industry sources have speculated that the decision from Kerry to increase the June milk price had more to do with internal Kerry Co-op politics than with market returns.
The Kerry Co-op also decided to backdate further payments for April and May.