Lakeland Dairies is the first processor to announce its decision to increase its milk price for June supplies by 1c/L.
Suppliers of Lakeland Dairies will receive a June milk price of 33c/L including VAT. This is the second consecutive monthly increase announced by Lakeland Dairies; it also increased its May milk price by 1c/L last month.
Prior to the May milk price increase, the processor decided to hold to its milk price at 31c/L for three months in a row.
Other processors are expected to announce their June milk prices in the coming weeks.
Meanwhile, during the month of May, milk production on dairy farms in the Republic of Ireland increased by 7.3% compared to the same month last year.
Domestic milk intake by creameries and pasteurisers was estimated at 997 million litres during the fifth month of this year, a rise of 67.4 million litres, the CSO added.