The board of the co-op met on Monday and decided to increase the milk price by 1.25c/litre.

This brings the manufacturing price for milk supplied, at 3.3% protein and 3.6% fat, in September to 24.4c/l excluding VAT.

Last week, Glanbia, Lakeland, Kerry and the Carbery group of west Cork co-ops all decided to increase milk price by 1c/l each.

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The Irish Farmers Journal calculates milk price exclusive of VAT

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