Tirlán Announces Increase in June Milk Prices Amid Seasonal Market Adjustments
Source: The DairyNews
Tirlán, a prominent dairy processor, has announced an increase in its milk price for June supplies, marking a continued commitment to supporting its suppliers during a seasonally quiet period in the dairy market.
The base price for milk has been raised by 1 cent per liter to 42.58 cents per liter, including VAT, reflecting a positive adjustment in the company's pricing strategy.
In addition to the base price, Tirlán is also implementing a sustainability action payment of 0.5 cents per liter, which will be awarded to all qualifying suppliers. This initiative is part of Tirlán's ongoing efforts to promote sustainable farming practices among its network. When combined, the base price and sustainability action payment bring the total price offering to 43.08 cents per liter for June creamery milk supplies, based on standard constituents of 3.6% butterfat and 3.3% protein.
John Murphy, the chairperson of Tirlán, highlighted the current market dynamics, noting that dairy markets are in a seasonally quiet period. However, he emphasized that milk supply trends in the upcoming months are expected to play a critical role in determining market movements in the latter half of the year. "The board will continue to monitor the dairy market on a monthly basis," Murphy assured.
Moreover, Murphy addressed the challenges faced by farmers this year, particularly concerning fodder availability. He encouraged all milk suppliers to assess their fodder situation carefully and take proactive steps to mitigate any potential shortfalls.
The actual average price paid by Tirlán for June creamery milk, reflecting the delivered constituents, is calculated at 46.64 cents per liter, including VAT. This pricing structure underscores Tirlán's commitment to offering competitive rates to its suppliers, supporting them through market fluctuations and operational challenges. This strategic pricing adjustment is aimed at maintaining a robust and sustainable supply chain, ensuring that Tirlán continues to meet consumer demand effectively while supporting its supplier base.
In addition to the base price, Tirlán is also implementing a sustainability action payment of 0.5 cents per liter, which will be awarded to all qualifying suppliers. This initiative is part of Tirlán's ongoing efforts to promote sustainable farming practices among its network. When combined, the base price and sustainability action payment bring the total price offering to 43.08 cents per liter for June creamery milk supplies, based on standard constituents of 3.6% butterfat and 3.3% protein.
John Murphy, the chairperson of Tirlán, highlighted the current market dynamics, noting that dairy markets are in a seasonally quiet period. However, he emphasized that milk supply trends in the upcoming months are expected to play a critical role in determining market movements in the latter half of the year. "The board will continue to monitor the dairy market on a monthly basis," Murphy assured.
Moreover, Murphy addressed the challenges faced by farmers this year, particularly concerning fodder availability. He encouraged all milk suppliers to assess their fodder situation carefully and take proactive steps to mitigate any potential shortfalls.
The actual average price paid by Tirlán for June creamery milk, reflecting the delivered constituents, is calculated at 46.64 cents per liter, including VAT. This pricing structure underscores Tirlán's commitment to offering competitive rates to its suppliers, supporting them through market fluctuations and operational challenges. This strategic pricing adjustment is aimed at maintaining a robust and sustainable supply chain, ensuring that Tirlán continues to meet consumer demand effectively while supporting its supplier base.
