Tirlán Sets October Milk Price Amid Stable Dairy Market
Source: DairyNews.today
Tirlán, one of Ireland’s leading dairy processors, announced on November 19 the milk price it will pay suppliers for October deliveries. The co-op confirmed a total payment of 50.08c/L, including VAT, for milk at standard constituents of 3.6% butterfat and 3.3% protein.
This represents a 1c/L increase from September’s price. The October payment includes:
The co-op reported that the actual average price paid for October milk, based on constituents delivered, will be 66.9c/L (including VAT).
Market Stability and Favorable Conditions
Tirlán Chair John Murphy expressed satisfaction with the price increase, saying it rewards farmers for their commitment to quality.
“We are pleased to surpass the 50c/L threshold this month, reflecting our appreciation for the dedication of our suppliers,” Murphy stated.
October milk deliveries were significantly higher year-on-year, with excellent constituent quality attributed to favorable weather.
Murphy noted that global dairy markets are relatively stable, despite some volatility in butter prices, and added that low global product stocks due to milk supply constraints in several regions could influence future pricing. The co-op’s board will continue to monitor market trends monthly.
Seasonality Payments Remain Unchanged
Tirlán also confirmed that unconditional seasonality bonus payments will continue for the winter months of December, January, and February. Payments will remain at:
Looking Ahead
Tirlán’s commitment to rewarding quality and sustainability underscores its support for suppliers amid a challenging yet stable dairy market. As global milk supply remains constrained, the co-op’s strategic pricing and incentives aim to ensure resilience and mutual growth for its farmers and operations.
- A base milk price of 49.58c/L (including VAT).
- A Sustainability Action Payment of 0.5c/L (including VAT) for qualifying suppliers.
- Sustainability Incentive
The co-op reported that the actual average price paid for October milk, based on constituents delivered, will be 66.9c/L (including VAT).
Market Stability and Favorable Conditions
Tirlán Chair John Murphy expressed satisfaction with the price increase, saying it rewards farmers for their commitment to quality.
“We are pleased to surpass the 50c/L threshold this month, reflecting our appreciation for the dedication of our suppliers,” Murphy stated.
October milk deliveries were significantly higher year-on-year, with excellent constituent quality attributed to favorable weather.
Murphy noted that global dairy markets are relatively stable, despite some volatility in butter prices, and added that low global product stocks due to milk supply constraints in several regions could influence future pricing. The co-op’s board will continue to monitor market trends monthly.
Seasonality Payments Remain Unchanged
Tirlán also confirmed that unconditional seasonality bonus payments will continue for the winter months of December, January, and February. Payments will remain at:
- 5c/L for December.
- 7c/L for January.
- 5c/L for February.
Looking Ahead
Tirlán’s commitment to rewarding quality and sustainability underscores its support for suppliers amid a challenging yet stable dairy market. As global milk supply remains constrained, the co-op’s strategic pricing and incentives aim to ensure resilience and mutual growth for its farmers and operations.
