Carbery Announces Milk Price Increase for June, Aligning with Industry Uptrends
Source: The DairyNews
On July 19, Carbery became the latest dairy processor to announce an increase in its milk price for June supplies, joining a series of price adjustments made by other leading processors. Carbery has raised its base milk price by 1 cent per liter, excluding VAT.
This increase, if replicated across its associated West Cork co-ops—Bandon, Barryroe, Drinagh, and Lisavaird—would result in an average milk price of 43.8 cents per liter, inclusive of VAT.
The adjusted price reflects additional value fr om a 0.5 cents per liter somatic cell count (SCC) bonus and the FutureProof sustainability bonus, both calculated excluding VAT. These bonuses are part of Carbery’s commitment to supporting sustainable dairy farming practices and rewarding high-quality milk production among its suppliers.
This move by Carbery is in line with recent trends observed in the dairy industry wh ere other processors have also increased their prices for June. For instance, Tirlán recently boosted its base price to 42.58 cents per liter, including VAT, along with a sustainability action payment of 0.5 cents per liter to all qualifying suppliers. This adjustment brings Tirlán's total price offering to 43.08 cents per liter for June creamery milk, based on standard constituents.
Similarly, Arrabawn announced a price of 43.9 cents per liter, which includes a 0.25 cents per liter support payment and a 0.5 cents per liter sustainability bonus. Dairygold also increased its milk price by 0.5 cents per liter to 42.5 cents per liter, inclusive of sustainability and quality bonuses and VAT.
These consecutive price increases across multiple processors underscore the ongoing adjustments within the dairy market to address various economic pressures and to continue promoting sustainable practices. The uniformity in price adjustments also reflects a broader industry response to the current market dynamics, which are influenced by both domestic and global economic conditions.
Carbery's decision to increase its milk price not only aligns with these trends but also signals its ongoing commitment to supporting its cooperative members during fluctuating market conditions. This strategic approach aims to ensure stability for farmers while maintaining competitiveness and quality in the dairy products market.
The adjusted price reflects additional value fr om a 0.5 cents per liter somatic cell count (SCC) bonus and the FutureProof sustainability bonus, both calculated excluding VAT. These bonuses are part of Carbery’s commitment to supporting sustainable dairy farming practices and rewarding high-quality milk production among its suppliers.
This move by Carbery is in line with recent trends observed in the dairy industry wh ere other processors have also increased their prices for June. For instance, Tirlán recently boosted its base price to 42.58 cents per liter, including VAT, along with a sustainability action payment of 0.5 cents per liter to all qualifying suppliers. This adjustment brings Tirlán's total price offering to 43.08 cents per liter for June creamery milk, based on standard constituents.
Similarly, Arrabawn announced a price of 43.9 cents per liter, which includes a 0.25 cents per liter support payment and a 0.5 cents per liter sustainability bonus. Dairygold also increased its milk price by 0.5 cents per liter to 42.5 cents per liter, inclusive of sustainability and quality bonuses and VAT.
These consecutive price increases across multiple processors underscore the ongoing adjustments within the dairy market to address various economic pressures and to continue promoting sustainable practices. The uniformity in price adjustments also reflects a broader industry response to the current market dynamics, which are influenced by both domestic and global economic conditions.
Carbery's decision to increase its milk price not only aligns with these trends but also signals its ongoing commitment to supporting its cooperative members during fluctuating market conditions. This strategic approach aims to ensure stability for farmers while maintaining competitiveness and quality in the dairy products market.
