June marks peak production for farmers in the Lakeland milk pool.
With the combined increases in supply and price, the co-op said it would pay its suppliers €50m for June milk – its highest ever monthly payout.
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Ornua’s purchase price index for June rose by 3% to 110, which is equivalent to a farmgate price of 31.4c/l excluding VAT.
As more co-ops prepare to set their June price, IFA dairy chair Sean O’Leary said that current market returns justified at least a 1c/l increase.
ICMSA dairy chair Gerald Quain said processors had held back price rises due in May and that now needed to be rectified by meaningful increases for June and July supplies.
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June marks peak production for farmers in the Lakeland milk pool.
With the combined increases in supply and price, the co-op said it would pay its suppliers €50m for June milk – its highest ever monthly payout.
PPI
Ornua’s purchase price index for June rose by 3% to 110, which is equivalent to a farmgate price of 31.4c/l excluding VAT.
As more co-ops prepare to set their June price, IFA dairy chair Sean O’Leary said that current market returns justified at least a 1c/l increase.
ICMSA dairy chair Gerald Quain said processors had held back price rises due in May and that now needed to be rectified by meaningful increases for June and July supplies.
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