Depending on which processor you talk to, our survey results show June milk supplies are up between 1% to 6% on last year. Despite the large increase last year and the decrease in milk prices, supplies are continuing to increase.

Arrabawn reports deliveries up 6% but expect the rise to slow. Most of the west Cork Co-ops report at least a 1% to 2.5% rise in June. Dairygold reports supplies up at least 2%. Glanbia suggests June milk is up 4% on a like-for-like basis. While Aurivo reports it is up 1% on June 2015.

With co-ops setting prices for the last peak month of production, the Ornua Purchase Price Index for June has remained stable at 81.

It offers hope that there is some stability coming to the market, especially with strong global demand for butter and cheese.

Meanwhile, Lakeland, Glanbia and Kerry have all held their base prices for June.