The remaining co-ops have now set a price for November supplies of milk, with the majority holding the price.
Last week Glanbia and Lakeland announced they would be holding their prices at 33.11c/l and 34.6c/l, excluding VAT, respectively.
Dairygold also held its November milk price at 34.15c/l, Carbery held at 34.78c/l, Kerry held at 34.06c/l, Arrabawn held at 35.1c/l and LacPatrick held at 33.86c/l. Aurivo held at 34.62c/l excluding VAT.
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IFA dairy chair Sean O’Leary said: “All co-ops should now be in a comfortable position to commit to holding their current milk prices at least until spring, and to pay an end-of-year bonus on all supplies.”
Meanwhile, prices fell by 3.9% at the final Global Dairy Trade of 2017. Whole milk powder (WMP) prices were down 2.5% and skim milk powder (SMP) prices were down 4.8%.
Butter prices were down 2.3%, with an average price of US$4,474/t. The biggest fall in price was the cheddar index, which was down 7.9% to an average price of US$3,389/t.
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The remaining co-ops have now set a price for November supplies of milk, with the majority holding the price.
Last week Glanbia and Lakeland announced they would be holding their prices at 33.11c/l and 34.6c/l, excluding VAT, respectively.
Dairygold also held its November milk price at 34.15c/l, Carbery held at 34.78c/l, Kerry held at 34.06c/l, Arrabawn held at 35.1c/l and LacPatrick held at 33.86c/l. Aurivo held at 34.62c/l excluding VAT.
IFA dairy chair Sean O’Leary said: “All co-ops should now be in a comfortable position to commit to holding their current milk prices at least until spring, and to pay an end-of-year bonus on all supplies.”
Meanwhile, prices fell by 3.9% at the final Global Dairy Trade of 2017. Whole milk powder (WMP) prices were down 2.5% and skim milk powder (SMP) prices were down 4.8%.
Butter prices were down 2.3%, with an average price of US$4,474/t. The biggest fall in price was the cheddar index, which was down 7.9% to an average price of US$3,389/t.
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