Tirlán Announces August Milk Price Increase
Source: DairyNews.today
Tirlán has officially announced a 1.5c/L increase in its August milk price, making it the latest processor to confirm price adjustments for the month.
The revised payment will amount to 46.33c/L, inclusive of VAT, for creamery milk supplies with a base composition of 3.6% butterfat and 3.3% protein. This marks a rise from the 44.83c/L paid in July.
The August price structure includes:
A base milk price of 45.83c/L, an increase of 1.5c/L from July;
A Sustainability Action Payment of 0.5c/L for all qualifying suppliers.
These rates are subject to adjustment based on the actual constituents delivered by suppliers, as per Tirlán’s terms. On average, the total payment for August supplies, factoring in constituent variations, is expected to be 53.36c/L.
John Murphy, chair of Tirlán, commented on the broader market conditions, noting a firming in dairy commodity markets, particularly with a noticeable uptick in butter prices. Murphy further observed that global milk supply is projected to remain flat for the year, with no significant shifts anticipated. The Tirlán board will continue to monitor market trends on a monthly basis to assess potential adjustments.
In addition to the milk price announcement, Tirlán has opened registration for co-op members ahead of a Special General Meeting (SGM) scheduled for October 4, 2024. Members eligible to vote have received registration packs with details regarding the proposed rule change to increase the board’s flexibility in managing financial investments.
If approved, the proposal will facilitate the release of €239 million in value to members through the spin-out of 15 million Glanbia plc shares. The spin-out could potentially provide €7,013 for every 1,000 shares held by farmers, or an average of €24,604 for active co-op members, based on the closing price of €15.90 per share on August 28, 2024.
The August price structure includes:
A base milk price of 45.83c/L, an increase of 1.5c/L from July;
A Sustainability Action Payment of 0.5c/L for all qualifying suppliers.
These rates are subject to adjustment based on the actual constituents delivered by suppliers, as per Tirlán’s terms. On average, the total payment for August supplies, factoring in constituent variations, is expected to be 53.36c/L.
John Murphy, chair of Tirlán, commented on the broader market conditions, noting a firming in dairy commodity markets, particularly with a noticeable uptick in butter prices. Murphy further observed that global milk supply is projected to remain flat for the year, with no significant shifts anticipated. The Tirlán board will continue to monitor market trends on a monthly basis to assess potential adjustments.
In addition to the milk price announcement, Tirlán has opened registration for co-op members ahead of a Special General Meeting (SGM) scheduled for October 4, 2024. Members eligible to vote have received registration packs with details regarding the proposed rule change to increase the board’s flexibility in managing financial investments.
If approved, the proposal will facilitate the release of €239 million in value to members through the spin-out of 15 million Glanbia plc shares. The spin-out could potentially provide €7,013 for every 1,000 shares held by farmers, or an average of €24,604 for active co-op members, based on the closing price of €15.90 per share on August 28, 2024.
23.09.2024
Carbon emissions in global milk production - the elephant in the room
I have been thinking to make this post yes/ no. I decided for yes and like to ask everyone to not "shoot the messenger". The chart shows an analysis of IFCN Dairy Research Network from the 2024 supporter conference in Poland.
