Carbery group has announced its milk price for September which sees an increase on its base milk price by 1c/L.

If replicated across the four west Cork co-ops, Bandon, Barryroe, Drinagh and Lisavaird, this will result in an average milk price of 42.36c/L, inclusive of VAT, the 0.5c/L SCC (somatic cell count) bonus and the FutureProof sustainability bonus.

The actual average price paid for September milk, based on actual solids, is expected to be 52.62c/L, including VAT.

A spokesperson for Carbery said: “We are pleased to announce a further increase of 1c/L in our base milk price for September, reflecting the recent improvement in dairy market returns.

“While global milk supplies remain strong and market conditions continue to be mixed, we recognise the challenges faced by our farmer suppliers throughout the year and remain committed to supporting them through these periods of volatility.

“The Milk Price Stability Fund contribution will be maintained at 1c/L for September.”

Milk price

Carbery is the latest co-op to release its offering for September milk supplies.

Yesterday (Monday, October 19), Tirlán confirmed the milk price for September will be 40.08c/L, including VAT and the 0.5c/L Sustainability Action Payment.

This marks an increase of 1c/L on the August milk price.

Last month, Tirlán announced a milk price 'floor' for September, October, November and December supplies, as part of a commitment to pay at least 40.08c/L for the remainder of the year.

According to Tirlán, the actual average price paid by the processor for September creamery milk, based on delivered constituents, is 50.80c/L (including VAT).

Meanwhile, Dairygold increased the September quoted milk price by 1c/L to 40c/L.

This is based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of sustainability and quality payments and VAT.

The September milk price equates to an average farm gate milk price of 51.3c/L for the month, based on the average milk solids, achieved by Dairygold milk suppliers.

The quoted milk price for September, based on EU standard constituents of 3.4% protein and 4.2% butterfat, is 43.9c/L, inclusive of VAT.

Kinisla confirmed its milk price at 40.35c/L (VAT inclusive) including quality and sustainability bonuses.

This was an increase on the price for August, which was 39.6c/L.

At EU standard constituents of 3.4% protein and 4.2% butterfat, this equates to 44.18c/L (VAT inclusive).

Based on Kinisla’s average milk solids for September, the milk price return inclusive of VAT, quality and sustainability bonuses is 49.69c/L.

Lakeland Dairies also confirmed this month a base price of 39.7c/L - based on 3.6% butterfat and 3.3% protein - for September milk in the Republic of Ireland.

This is inclusive of the 0.5c/L Sustainability Incentive Payment.

The processor paid a base milk price of 39.1c/L  for August milk.

The September milk price represents an increase of 0.6c/L.