Tirlán Boosts Base Milk Price by 1 Cent per Litre for March Supplies
Source: The DairyNews
Tirlán, the dairy processor, has announced an uptick in its base milk price for March supplies, with the new rate set at 39.58 cents per litre, inclusive of VAT. This represents a 1-cent increase from the base price observed in February.
In addition to the base price adjustment, Tirlán revealed that its overall offering for March creamery milk supplies, comprising 3.6% butterfat and 3.3% protein, will be 43.08 cents per litre, VAT included. This comprehensive figure encompasses the base price along with a 3-cent 'weather payment' and a 0.5-cent sustainability action payment, applicable to all eligible suppliers.
The weather payment, a response to the notably challenging conditions faced by farmers during March, is set at 3 cents per litre across all milk volumes for the month. This payment extends to various schemes including Liquid Milk, Autumn Calving, and Fixed Milk Price Schemes. Notably, the conclusion of the Tirlán seasonality payment for December, January, and February has been announced concurrently.
John Murphy, Chairperson of Tirlán, acknowledged the hurdles confronting milk suppliers amidst adverse weather conditions. "The March rainfall total at weather stations in the southeast was around twice the long-term average, with April rainfall to date already exceeding the normal monthly average," Murphy remarked. He emphasized the cooperative's commitment to supporting dairy farmers through tailored measures such as a €30/t feed rebate, interest-free credit on fertilizer purchases, and the 3-cent weather payment for March milk. Additionally, suppliers have the option to opt for a 5-cent Milk Advance Payment Scheme to alleviate cash flow constraints.
Tirlán reiterated its dedication to adjusting the base price, weather payment, and sustainability action payment in accordance with the actual constituents of milk delivered by suppliers, underscoring its responsiveness to prevailing market dynamics and farm conditions.
The weather payment, a response to the notably challenging conditions faced by farmers during March, is set at 3 cents per litre across all milk volumes for the month. This payment extends to various schemes including Liquid Milk, Autumn Calving, and Fixed Milk Price Schemes. Notably, the conclusion of the Tirlán seasonality payment for December, January, and February has been announced concurrently.
John Murphy, Chairperson of Tirlán, acknowledged the hurdles confronting milk suppliers amidst adverse weather conditions. "The March rainfall total at weather stations in the southeast was around twice the long-term average, with April rainfall to date already exceeding the normal monthly average," Murphy remarked. He emphasized the cooperative's commitment to supporting dairy farmers through tailored measures such as a €30/t feed rebate, interest-free credit on fertilizer purchases, and the 3-cent weather payment for March milk. Additionally, suppliers have the option to opt for a 5-cent Milk Advance Payment Scheme to alleviate cash flow constraints.
Tirlán reiterated its dedication to adjusting the base price, weather payment, and sustainability action payment in accordance with the actual constituents of milk delivered by suppliers, underscoring its responsiveness to prevailing market dynamics and farm conditions.
