Carbery Adjusts April Milk Prices, Enhancing Support Through Stability Fund
Source: The DairyNews
Carbery Group announced on Tuesday, May 21, an adjustment to its milk price for April supplies, marking a continued effort to stabilize earnings for its suppliers amidst market volatility.
The processor has raised its base milk price by 0.5 cents per liter and will additionally support this increase with a contribution of 0.5 cents per liter from its stability fund.
This pricing adjustment, if adopted by the four West Cork cooperatives of Bandon, Barryroe, Drinagh, and Lisavaird, will yield an average milk price of 42.19 cents per liter. The April milk price includes VAT, a 0.5 cent per liter bonus for somatic cell count (SCC), and contributions from the processor’s FutureProof sustainability initiative and stability fund.
Carbery notes that the increases from both the base price and the stability fund, alongside the FutureProof bonus, are quoted before VAT.
Amid global supply constraints and uncertain demand, which contribute to ongoing volatility in the dairy markets, Carbery remains committed to closely monitoring global market developments to sustain shareholder support, as stated by a company spokesperson.
This pricing adjustment, if adopted by the four West Cork cooperatives of Bandon, Barryroe, Drinagh, and Lisavaird, will yield an average milk price of 42.19 cents per liter. The April milk price includes VAT, a 0.5 cent per liter bonus for somatic cell count (SCC), and contributions from the processor’s FutureProof sustainability initiative and stability fund.
Carbery notes that the increases from both the base price and the stability fund, alongside the FutureProof bonus, are quoted before VAT.
Amid global supply constraints and uncertain demand, which contribute to ongoing volatility in the dairy markets, Carbery remains committed to closely monitoring global market developments to sustain shareholder support, as stated by a company spokesperson.
