Carbery Maintains Milk Price Amid Global Uncertainty
Source: dairynews.today
Carbery confirms April milk price stability as global markets face potential tariffs, with sustainability incentives increasing.
Carbery has confirmed it will maintain its milk price for April, resulting in an average of 52.12c/L when applied across the four West Cork co-ops: Bandon, Barryroe, Drinagh, and Lisavaird. This price includes VAT, a 0.5c/L somatic cell count bonus, and the FutureProof sustainability bonus. A Carbery spokesperson stated, "Wider uncertainty around the outlook for global markets in the face of potential tariffs is somewhat impacting dairy market performance.
Carbery will continue to monitor the situation closely as we prioritise maximising returns for our shareholders." The FutureProof bonus for 2025 increased by 0.25c/L to a total of 1.25c/L. Last month, Carbery Group reported a "strong financial performance" for 2024, with a 20% increase in operating profit. Revenue grew by 8% to €668 million, while EBITDA rose by 12% to €52 million. The group allocated €8.6 million to its Stability Fund to support future milk pricing if needed and paid €4.7 million to farmers for sustainability actions, with 93% of its milk pool coming from FutureProof participants.
Carbery will continue to monitor the situation closely as we prioritise maximising returns for our shareholders." The FutureProof bonus for 2025 increased by 0.25c/L to a total of 1.25c/L. Last month, Carbery Group reported a "strong financial performance" for 2024, with a 20% increase in operating profit. Revenue grew by 8% to €668 million, while EBITDA rose by 12% to €52 million. The group allocated €8.6 million to its Stability Fund to support future milk pricing if needed and paid €4.7 million to farmers for sustainability actions, with 93% of its milk pool coming from FutureProof participants.
