Dairygold payment to milk suppliers for September to rise by 1.75c/litre

DAIRYGOLD Co-op is to increase the price it pays its suppliers for September milk by 1.75c/litre.

The decision followed the start of a recovery in world markets for dairy products following a prolonged slump that plunged milk producers into their worst income crisis in a generation.

Earlier, the Irish Dairy Board decided to increase its payout to co-ops for skim milk powder and butter products sold in September by the equivalent of 2.1c/litre.