Kerry Group has held its milk price for May supplies at 27.98c/l, excluding VAT.
Carbery has also held its milk price for May, at 29.7c/l, excluding VAT.
Last week Lakeland held its milk price for May supplies in the Republic of Ireland at 27.51c/l, excluding VAT.
Glanbia also held its milk price for May supplies at 27.1c/l excluding VAT at 3.6% butterfat and 3.3% protein.
Stop the slide
IFA dairy chair Tom Phelan said Lakeland and Glanbia holding the May milk price must be the signal that stops the slide and marks the beginning of improved returns for farmers.
He said the decision to hold the price was badly needed to minimise damage to farmers’ confidence as drought was starting to bite.
“Other co-ops must at the very least hold their May milk price. However, farmers would legitimately expect better prices from now on, and will need them to support their rapidly eroding cashflow,” he said.
No agreement on review of Ornua’s PPI
Glanbia holds May milk price as markets are ‘delicately balanced’