Carbery has announced that it will be holding its base milk price at 30.26c/l, excluding VAT, at 3.6% fat and 3.3% protein.

Meanwhile, Lakeland Dairies has increased its July milk price by 1c/l. Suppliers in the Republic of Ireland will receive 29.4c/l excluding VAT, while those in Northern Ireland will receive 25.25p/l.

Commenting on the price, Lakeland Dairies said: “There is stability, for now, in the markets, but the re-emergence of COVID-19 nationally and internationally is concerning, especially for the food service sector.”

Glanbia was first to meet to set July milk price this week; it will be holding its base milk price at 28.6c/l, excluding VAT.

Ornua PPI

Ornua published its first revised purchasing price index (PPI) this week for July at 101.7 units, confirming the upward trend on dairy commodities.

Last month, the Ornua board agreed to separate out the Kerrygold bonus from the PPI and increase the assumed processing cost. The Kerrygold bonus will now be paid monthly to member co-ops.

Lakeland increases July milk price

Glanbia holds July milk price

Profits collapse almost 60% in Glanbia's performance nutrition business

Carbery holds July milk price

Carbery is the third co-op to set a price for July milk supplies.