More co-ops join the 37c/l club as markets maintain solid demand
Aurivo, Tipperary, Arrabawn and west Cork creameries to pay 1-2c/l extra for May milk
aurivo, Tipperary, Arrabawn and the west Cork co-ops have all increased milk price to 37c/l or higher in recent days on the back of solid demand on international dairy markets.
A 2c/l price increase from Carbery prompted the west Cork co-ops of Drinagh, Lisavaird, Bandon and Barryroe to pass on the rise yesterday, pushing them to 37.28-37.61c/l including VAT for May.
Tipperary moved from 36.15c/l including a 1c/l hardship bonus in April to 37.1c/l including VAT for May milk, while Aurivo (Connacht Gold) moved from 36.2c/l to 37c/l including VAT.
On Friday, Arrabawn added 1c/l to bring it to 37c/l including VAT for May.
The board of Dairygold is expected to meet later this week to set its milk price for May.
The latest Department of Agriculture figures show Ireland was 4.64pc under quota at May 31 this year, compared to 2.02pc over quota at the same time last year.
Meanwhile, dairy farmers are continuing to reassess their stock levels after the disastrous summer of 2012 and fodder shortage in 2013. Cull cow disposals at the factory are running 12pc higher than last year and look set to finish the year 30,000-40,000hd ahead of last year.