The decision by some processors to up their June milk prices to 33c/L has been described as “effectively a month late“, by the Irish Creamery Milk Suppliers Association’s (ICMSA) Gerald Quain.
Quain, who is the Chairperson of ICMSA’s Dairy Committee, welcomed the announcement from a number of processors that they intend to pay 33c/L, VAT inclusive, for June supplies.
However, this price could and should have been paid for milk manufactured in May, Quain said.
He noted that dairy returns had “remained constant” right throughout June with the exception of butter – which was still on an upward trajectory.
Quain said: “The feedback the ICMSA is receiving from its members is that they feel that the appropriate price rise due in May was actually ‘held back on’ by the processors at that stage; that now needs to be rectified by meaningful increases for both June and certainly July supplies.
“The ‘low and slow’ approach to passing back better milk prices and timely upwards adjustments of the Ornua index had to end.