Tirlán Announces Milk Price Increase for May, Citing Improved Dairy Returns
Source: The DairyNews
Tirlán has officially announced an increase in its milk price for May supplies by 0.5 cents per liter, setting the new rate at 42.08 cents per liter, inclusive of VAT, for creamery milk with 3.6% butterfat and 3.3% protein.
The breakdown of the May milk price includes a base milk price of 41.58 cents per liter, which reflects a 2 cent increase from April, and a Sustainability Action Payment of 0.5 cents per liter available to all qualifying suppliers. Tirlán noted that these prices would be adjusted based on the actual constituents of the milk delivered by each supplier.
The processor reported that the average price paid for May creamery milk, adjusted for delivered constituents, amounted to 45.37 cents per liter, including VAT.
John Murphy, Tirlán chair, commented on the market conditions: “There has been a welcome increase in returns for some dairy products in the past month, particularly butter and cheese, driven by reduced milk supply volumes in certain regions. However, the impact of higher prices on consumer demand in the coming months remains uncertain.”
Murphy added, "The board will continue to monitor the dairy market on a monthly basis to respond appropriately to any shifts."
The processor reported that the average price paid for May creamery milk, adjusted for delivered constituents, amounted to 45.37 cents per liter, including VAT.
John Murphy, Tirlán chair, commented on the market conditions: “There has been a welcome increase in returns for some dairy products in the past month, particularly butter and cheese, driven by reduced milk supply volumes in certain regions. However, the impact of higher prices on consumer demand in the coming months remains uncertain.”
Murphy added, "The board will continue to monitor the dairy market on a monthly basis to respond appropriately to any shifts."
