Carbery Raises Milk Price and Sustains Support Amidst Market Recovery
Source: The DairyNews
In the latest development, Carbery has announced its milk price for February supplies, demonstrating its commitment to supporting dairy farmers amidst evolving market conditions.
Effective Wednesday, March 20, Carbery has increased its base milk price by 2 cents per liter. Additionally, the processor continues its support for milk prices by allocating 1.5 cents per liter from its Stability Fund.
Should this decision be mirrored across the four west Cork co-ops – Bandon, Barryroe, Drinagh, and Lisavaird – it would lead to an average price of 41.67 cents per liter.
This February milk price includes VAT, along with a 0.5 cents per liter Somatic Cell Count (SCC) bonus, FutureProof sustainability bonus, and Stability Fund support.
Commenting on the announcement, a spokesperson from Carbery noted, "As dairy markets steadily regain equilibrium following the volatility of 2024, prices are showing signs of stabilization, and our milk price adjustment reflects this trend. We remain vigilant in monitoring market dynamics and anticipate further recovery and stabilization."
Moreover, Carbery has launched the second year of its sustainability bonus program, FutureProof, which offers a maximum bonus of 1 cent per liter for all milk supplied in 2024. The FutureProof payment, disbursed with the December milk payment, serves as a reward for suppliers who meet designated sustainability criteria.
Expressing satisfaction with the uptake of FutureProof among its farmer suppliers, Carbery emphasized its commitment to fostering sustainable practices within its supply chain. The company looks forward to witnessing a continuation of the positive engagement observed last year.
Should this decision be mirrored across the four west Cork co-ops – Bandon, Barryroe, Drinagh, and Lisavaird – it would lead to an average price of 41.67 cents per liter.
This February milk price includes VAT, along with a 0.5 cents per liter Somatic Cell Count (SCC) bonus, FutureProof sustainability bonus, and Stability Fund support.
Commenting on the announcement, a spokesperson from Carbery noted, "As dairy markets steadily regain equilibrium following the volatility of 2024, prices are showing signs of stabilization, and our milk price adjustment reflects this trend. We remain vigilant in monitoring market dynamics and anticipate further recovery and stabilization."
Moreover, Carbery has launched the second year of its sustainability bonus program, FutureProof, which offers a maximum bonus of 1 cent per liter for all milk supplied in 2024. The FutureProof payment, disbursed with the December milk payment, serves as a reward for suppliers who meet designated sustainability criteria.
Expressing satisfaction with the uptake of FutureProof among its farmer suppliers, Carbery emphasized its commitment to fostering sustainable practices within its supply chain. The company looks forward to witnessing a continuation of the positive engagement observed last year.
