The board of Aurivo has increased the price of July milk by 0.25c/l and will pay a price of 33.85c/l, excluding VAT, at standard base solids of 3.3% protein and 3.6% fat.
A spokesperson for Aurivo said: “Returns from our products are steady as global markets are static with slight concern around demand and the impact COVID-19 may continue to have. This is balanced with a slight milk supply reduction in Europe.
“The management and board will continue to monitor market developments to return the highest price possible.”
Irish milk processors set milk price over the last 10 days and most have held price except for Kerry, which lifted milk price 0.94c/l, as it was a bit off the pace anyway.
So far, Glanbia, Lakeland and Dairygold Co-op have held milk price. Lakeland has been leading the milk price base price comparison for a number of months at 34.1c/l, or €4.78/kg milk solids.
So far, Glanbia, Lakeland and Dairygold Co-op have held milk price
This week, the GDT auction was slightly positive (+0.3% average) as the auction result mirrored the steady market state.
For the last eight auctions the average result was slightly down, but not by much.
This week, all dairy commodities were slightly positive except whole milk powder which dropped by 1.5% to $3,552/t in New Zealand.
New Zealand milk supply is just starting on a lot of Kiwi farms now as cows calve down.