Carbery has today (Wednesday, December 18), become the latest processor to announce its milk price for November supplies.
The processor said it increased its base milk price for November by 1c/L, excluding VAT.
If this decision is replicated across the four West Cork co-ops; Bandon, Barryroe, Drinagh and Lisavaird, this will result in an average price of 53.15c/L.
This is inclusive of VAT, a 0.88c/L somatic cell count (SCC) bonus and the FutureProof sustainability bonus, both excluding VAT.
A spokesperson for the processor said that dairy market performance “continues to be strong”, with strong supply being matched by steady global demand.
“Particularly for butter and cheese as we near the end of the year. Carbery will continue to monitor markets closely in order to maximise returns for our shareholders,” a Carbery spokesperson said.
Milk price
Meanwhile, Tirlán also increased its milk price for November supplies to a total of 51.08c/L, including VAT. This represents an increase of 1c/L.
Tirlán also said that unconditional seasonality bonus payments apply over the winter months of December, January and February on all non-contracted milk volumes that meet quality criteria.
Dairygold also announced an increase of 1c/L, with 50.0c/L now being paid for November supplies.
Kerry Dairy Ireland, the dairy division of Kerry Group announced its price for November as 49.5c/L, up from 48.5c/L last month.
The Lakeland Dairies board also announced its price for November supplies at 49.6c/L, with no change from last month. In Northern Ireland (NI), a base price of 40.8p/L will be paid for milk supplied in November.
The board also announced a a loyalty payment of 0.8c/L on all milk after a challenging year.
Following strong product price returns and improved milk volumes in the second half of the year, the loyalty payment will be paid on January 15 for all milk supplied in 2024.