Carbery Group has increased its milk price for February by 1.5c/litre, but has decided to end the payment from the stability fund.
It means the net increase to the farmer, assuming the co-ops run with this, is 0.5c/litre of an increase in February milk price.
For January, the milk price for the four co-ops averaged €4.45c/kg milk solids (31.3c/litre ex-VAT at 3.3% protein and 3.6% fat excluding conditional bonuses).
February price would rise to 31.7c/l ex-VAT if the co-ops take it on.
A Carbery spokesperson confirmed that positive dairy market forecasts and the resulting confidence is driving the milk price increase.
We will have a full round-up of February milk prices once all are confirmed later this week in print and online.