Butter price rise seen as tip on milk

FARM leaders have described a decision by the Irish Dairy Board to increase the August butter price as a clear indication that co-ops should maintain the price they pay for milk supplies.

The IDB increased the butter price by €75/t. This improvement was made in view of the better-than-expected performance of butter sales in August.

It brings the IDB skim milk powder-butter price for butter sold in August up by 0.33c/l to 28.9c/l.