Commenting on the price announcements of the processors in recent days, IFA National Dairy Committee chairman Tom Phelan said the milk price increases of 1c/L and 1.48c/l, implemented by Lakeland and Glanbia respectively, meant co-op member farmers would receive at least 30c/L for their June supplies.
This increase, he said, is the minimum farmers needed for their June milk in what is a very challenging year of volatile markets and rising costs.
The dairy chairman urged all other co-ops to follow the Lakeland and Glanbia example.
Milk Price Announcements
Earlier today, Monday, July 13, Glanbia revealed that it will pay its member milk suppliers 30.1c/L including VAT for June creamery milk supplies at 3.6% butterfat and 3.3% protein.
A spokesperson for the processor said that Glanbia Ireland will pay a base milk price for June of 29.68c/L including VAT for creamery milk at 3.6% fat and 3.3% protein.
This is an increase of 1.48c/L from the total payment for May supplies, which included a 0.2c/L weather-related payment, the spokesperson said.
The Glanbia base price has increased from 28c/L in May to 29.68c/L for June, an increase of 1.68c/L, it was added.
Farmer members will also receive a 0.42c/L including VAT payment from Glanbia Co-op on all milk supplied this month as their ‘Share of GI Profit’.
The Glanbia Ireland base price and the Share of GI Profit payment will be adjusted to reflect the actual constituents of milk delivered by suppliers.
On Friday, July 10, Lakeland Dairies revealed an increase of 1c/L to its figure for last month’s milk, meaning that suppliers will receive a base price of 30c/L including VAT for June milk.
Meanwhile, Lakeland suppliers in Northern Ireland will receive an increase of 1.25p/L to their milk price, for a June figure of 24.25p/L.