Milk prices rise but recognition of 0.5c per litre rise in co-ops’ costs worries farmers

Big co-ops go over 30c per litre for June milk

The price for June milk rose to over 30c per litre at the biggest co-ops this week, despite fears of global Covid-19 recessions, and a 0.5c rise in the cost of assembling and processing milk which has come as a surprise to farmers.

Milk price trends continue to defy fears of global Covid-19 recessions, with farmers welcoming significant gains taking June milk prices over 30 cent per litre (including VAT) at Glanbia, Kerry, and Lakeland.

However, the rise has not prevented an argument over milk processing costs, with farmers being told it is costing co-ops 0.5cpl more than previously estimated to assemble and to process milk.