Carbery Raises December Milk Price and Continues Support for Suppliers
In a recent announcement on January 19, Carbery, a leading west Cork-based processor, confirmed an increase in its base milk price for December by 1 cent per liter (c/L). Additionally, the company reiterated its commitment to supporting milk prices by contributing 2c/L from its Stability Fund.
If this decision is mirrored across the four west Cork co-ops – Bandon, Barryroe, Drinagh, and Lisavaird – it is anticipated that the average December supply price will be 38.07c/L, up from the November price of 37.03c/L. This inclusive figure considers VAT, a 0.5c/L Somatic Cell Count (SCC) bonus, and the support from the Stability Fund.
Carbery also disclosed that the Carbery FutureProof sustainability bonus payment for qualifying suppliers will be disbursed along with the December milk payment. This bonus, capped at a maximum of 1c/L, is awarded to suppliers who meet specific sustainability criteria.
In a broader context, other processors have followed suit by increasing milk prices for December supplies. Kerry, Dairygold, and Lakeland have announced varying increments, reflecting a cautiously optimistic outlook within the industry. The Global Dairy Trade (GDT) price index also continues its upward trajectory, reflecting positive market dynamics following the second trading event of 2024 on January 16.
Carbery also disclosed that the Carbery FutureProof sustainability bonus payment for qualifying suppliers will be disbursed along with the December milk payment. This bonus, capped at a maximum of 1c/L, is awarded to suppliers who meet specific sustainability criteria.
Expressing satisfaction with the engagement of their farmer suppliers in sustainability initiatives, Carbery highlighted the ongoing progress in achieving sustainability objectives through the FutureProof program.
In a broader context, other processors have followed suit by increasing milk prices for December supplies. Kerry, Dairygold, and Lakeland have announced varying increments, reflecting a cautiously optimistic outlook within the industry. The Global Dairy Trade (GDT) price index also continues its upward trajectory, reflecting positive market dynamics following the second trading event of 2024 on January 16.
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