Processors Announce August Milk Price Increases Amid Strengthening Dairy Markets
Source: DairyNews.today
Milk processors across Ireland have confirmed price increases for August supplies, reflecting a strengthening in global dairy commodity markets. These increases come as demand for products like butter and cheese improves, while global milk supply remains flat.
Tirlán’s Price Increase
Tirlán has announced it will pay 46.33c/litre for August creamery milk supplies, based on standard constituents of 3.6% butterfat and 3.3% protein. This marks a 1.5c/litre increase from July’s payment. The August price includes a base milk price of 45.83c/litre and a sustainability action payment of 0.5c/litre for qualifying suppliers. Based on delivered constituents, the average price paid by Tirlán for August milk will be 53.36c/litre.
Tirlán Chairman John Murphy noted, "Dairy commodity markets are continuing to firm, with a noticeable lift in butter prices. Overall, the global milk supply outlook remains unchanged and is likely to be flat this year."
Dairygold’s Price Adjustment
Dairygold also announced an increase in its August milk price by 1.25c/litre, bringing it to 45.75c/litre based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of sustainability and quality bonuses, and VAT. For the average August milk solids, this translates to an average farm gate milk price of 53.5c/litre.
For supplies based on EU standard constituents of 3.4% protein and 4.2% butterfat, the quoted milk price stands at 49.9c/litre, inclusive of VAT. A spokesperson for Dairygold commented, “Dairy market returns continue to be positive, with market prices improving, as buying activity increases and global supply remains constrained.”
Carbery’s Increase
Carbery has also increased its base milk price by 3c/litre for August. If replicated across the four West Cork co-ops—Bandon, Barryroe, Drinagh, and Lisavaird—this will result in an average price of 48.03c/litre, including VAT, a 0.5c/litre somatic cell count (SCC) bonus, and the FutureProof sustainability bonus.
A Carbery spokesperson attributed the price increase to "strengthening markets for cheese and continuing positive dairy market recovery and performance."
As the global dairy market experiences steady recovery, driven by improved demand for higher-value dairy products, Irish processors are responding with price adjustments. While global milk supply remains constrained, the outlook suggests continued firming of dairy commodity markets, providing optimism for producers as the year progresses.
Tirlán has announced it will pay 46.33c/litre for August creamery milk supplies, based on standard constituents of 3.6% butterfat and 3.3% protein. This marks a 1.5c/litre increase from July’s payment. The August price includes a base milk price of 45.83c/litre and a sustainability action payment of 0.5c/litre for qualifying suppliers. Based on delivered constituents, the average price paid by Tirlán for August milk will be 53.36c/litre.
Tirlán Chairman John Murphy noted, "Dairy commodity markets are continuing to firm, with a noticeable lift in butter prices. Overall, the global milk supply outlook remains unchanged and is likely to be flat this year."
Dairygold’s Price Adjustment
Dairygold also announced an increase in its August milk price by 1.25c/litre, bringing it to 45.75c/litre based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of sustainability and quality bonuses, and VAT. For the average August milk solids, this translates to an average farm gate milk price of 53.5c/litre.
For supplies based on EU standard constituents of 3.4% protein and 4.2% butterfat, the quoted milk price stands at 49.9c/litre, inclusive of VAT. A spokesperson for Dairygold commented, “Dairy market returns continue to be positive, with market prices improving, as buying activity increases and global supply remains constrained.”
Carbery’s Increase
Carbery has also increased its base milk price by 3c/litre for August. If replicated across the four West Cork co-ops—Bandon, Barryroe, Drinagh, and Lisavaird—this will result in an average price of 48.03c/litre, including VAT, a 0.5c/litre somatic cell count (SCC) bonus, and the FutureProof sustainability bonus.
A Carbery spokesperson attributed the price increase to "strengthening markets for cheese and continuing positive dairy market recovery and performance."
As the global dairy market experiences steady recovery, driven by improved demand for higher-value dairy products, Irish processors are responding with price adjustments. While global milk supply remains constrained, the outlook suggests continued firming of dairy commodity markets, providing optimism for producers as the year progresses.
