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Suppliers will also receive a support payment of 1.75c/l, meaning farmers will receive 30.45c/l excluding VAT for April milk
LacPatrick’s decision to increase its price contrasts with its nearest neighbours, who all decided to drop their prices before the board met.
Aurivo cut its base price by 1.44c/l (excluding VAT) and its support payment by 1c/l, meaning that farmers will be paid 28.93c/l excluding VAT for April milk.
Glanbia cut both its base price and support payment by 1c/l and Dale Farm in Northern Ireland cut its price by 0.5p/l.
Arrabawn suppliers will receive 30.45c/l excluding VAT after the co-op also cut its base price and support payment.
Carbery did the same, bringing its price to 31.03c/l.
Dairygold is paying a 0.47c/l quality bonus for April supplies and a weather relief payment of 1c/l, bringing the price to 30.36c/l excluding VAT.
Intervention
Meanwhile, 41,958t of skimmed milk powder (SMP) was sold out of intervention last week. It sold for €1,150/t – €100/t higher than at last month’s sale.
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