Tirlán has today (Friday, October, 18) confirmed an increase in the price it will pay for September milk supplies.
The Kilkenny headquartered processor will pay total of 49.08 c/L, including VAT, for September creamery milk supplies at 3.6% butterfat and 3.3% protein – an increase of 2.75 c/L on the payment for August.
The September milk price consists of the following:
- Base milk price of 48.58c/L (including VAT);
- Sustainability Action Payment of 0.5c/L (including VAT) to all qualifying suppliers.
The co-op outlined that the base price and Sustainability Action Payment “will be adjusted to reflect the actual constituents of milk delivered by suppliers”.
“The actual average price paid by Tirlán for September creamery milk, based on delivered constituents, will be 62.14c/L (including VAT), ” it also stated.
Tirlán
According to the chair of Tirlán, John Murphy, the latest increase in the price paid to its suppliers brings the total milk price increases for this year to 13c/L.
“Dairy markets have been solid in recent weeks, although there has been some softening in European butter prices from record highs.
“The current milk to feed price ratio presents an opportunity for spring calving herds to generate economic returns by continuing to supply high quality milk for as long as possible.
“The board will continue to monitor the dairy market on a monthly basis,” Murphy added.
Milk price
The Kilkenny headquartered co-op follows other processors in a general trend in relation to the price paid for supplies in September.
Earlier today Carbery also said has decided to increase its base milk price for August by 2.5c/L.
According to Carbery if this decision is replicated across the four west Cork co-operatives of Bandon, Barryroe, Drinagh and Lisavaird, it will result in an average milk price of 50.75c/L, an increase from 48.03c/L for August milk.
Dairygold also announced an increase in its milk price for September, with its board increasing its price by 2.5c/L to 48c/L, inclusive of sustainability and quality bonuses, and VAT.
Meanwhile Kerry Dairy Ireland has said that the milk price for September is 47.75c/L, including VAT, at constituents of 3.3% protein and 3.6% butterfat.
Lakeland confirmed it will pay a base price of 49c/L in the Republic of Ireland, which is inclusive of its 0.5c/L Sustainability Incentive Payment.
In Northern Ireland, a base price of 40.3p/L will be paid for milk supplied in September, which is inclusive of the 0.5p/L Sustainability Incentive Payment.