Glanbia Ireland has increased its base milk price to 29.4c/l excluding VAT for manufacturing milk at 3.6% fat and 3.3% protein.

Co-op members will also receive a drought support payment of 1c/l.

“We are pleased to increase our milk price for the highest milk volume month of the year," said Glanbia chair Martin Keane.

"This reflects increased returns, particularly for butter. However, market balance remains fragile, with the impact of trade wars and consumer resistance to higher retail prices being two issues that need to be monitored very closely in the coming months."

Lakeland

Lakeland Dairies, the first processor to announce its June milk price, opted to hold its base price at 30.15c/l excluding VAT.

The board's decision means that the same milk price has been paid since May.

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