The board of Aurivo increased its base milk price to 29.94c/l, excluding VAT, for July manufacturing milk on Friday.

A spokesperson for the co-op said the increase is reflective of steady milk markets, with slowing global milk supply growth and reasonable demand.

“Aurivo is committed to paying its suppliers the maximum price possible, subject to ongoing market performance," the spokesperson said.

Dairygold announced it would be holding its price at 30.36c/l excluding VAT and inclusive of a 0.5c/l quality bonus.

The majority of processors increased their prices for July supplies of milk, with Glanbia also holding its price.

Read more

Milk buyers close gap to Dale Farm

ICMSA "unhappy and suspicious" of discretionary bonuses on milk price