Dairy
LacPatrick Co-op has also announced that it will be increasing its November milk price by 2c/L for supplies.
Both Arrabawn and Dairygold have announced increases in October milk price for supplies of milk to their co-ops.
Kerry Group has held its milk price for July supplies of milk, a spokesperson for Kerry has confirmed to Agriland.
The majority of co-ops have decided to hold their milk prices for June supplies of milk, with Dairygold the latest co-op to hold the price.
Following a meeting of the Board of Dairygold today, the co-op has confirmed that it is holding its May 2016 milk price.
Arrabawn CEO Conor Ryan has told suppliers that the Co-op will be doing its best to ensure they are supported through the challenging twelve months that lied ahead for the dairy industry.
Agri-Business
Arrabawn has announced that has signed a natural gas supply deal, valued at over €2m per annum, with Vayu Energy.
Arrabawn’s agri-trading division also performed strongly, with feed volumes up 10%, increasing turnover by 2%.
Following a review, Glanbia has lost part of its milk supply contract to provide own-brand milk to Tesco to Arrabawn and Aurivo.
Former Dairygold suppliers, many of whom switched allegiance and went to Arrabawn last year, are meeting with their former co-op this week.
Arrabawn is the latest co-op to set its milk price for December supplies; it has decided to hold its price that it set for November at 26.00c/L.
Arrabawn co-op has raised its base milk price for September milk from 25.87c/L to 26.07c/L (including VAT).
Dairygold has confirmed that it will hold its August milk price
Arrabawn's average milk price for 2014 was 38.27c/L, the company's 2014 results show.
Arrabawn co-op will seek to secure new milk suppliers on a pro rata basis, should any existing members switch to another processor
Arrabawn has cut its September milk price by 2c/L, it has announced.
