The first processor to make the announcement, as reported by the Farmers Journal, was Arla Foods. The processor announced that they will increase prices paid for August milk supplies by 1 c/litre. This applies to all suppliers from the UK and as far as Sweden, amounting to over 12,000. This equates prices of 0.81 pence per litre, an increase to 29.98 pence per litre for UK suppliers.
Following suit was EU company Muller, who also announced an increase for August Milk.
They announced that they will pay their independent suppliers increased prices of 1.5 pence per litre.
In France, one of the leading processors Lactalis also announced that they will pay increased prices. Though, unlike other processors, they have announced increases for three consecutive months.The third largest processor in France will now pay monthly rises of 1 cents per litre.
This means suppliers will receive 35 cents per litre for July’s milk, 35 cents for August supplies, and 36 cents per litre for September’s supply. These prices paid for milk at 4.1% fat and 3.3% protein.
It is hoped that this news will encourage Irish processors to follow the lead of their European counterparts and start paying increased prices for milk supplies.