The co-op applied a 1.5c/l increase, bringing its July price to 32.86c/l, excluding VAT. The price includes a 0.25c/l SDAS quality assurance bonus.

In Northern Ireland, LacPatrick has increased its price by 1.5p/l to 28p/l.

All major dairy processors have now increased their July price by 1c/l to 1.5c/l.

Speaking at the Virginia Show this Wednesday, IFA president Joe Healy said there was scope for further increases as the EU average price is 35c/l.

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Full coverage: milk prices