Carbery Group has announced its milk price for March supplies, confirming a net reduction of 4c/L for last month.
The processor reduced its price for milk supplied in March by 6c/L and applied a 2c/L support from the stability fund.
If this decision is replicated across the four west Cork co-ops of Bandon, Barryroe, Drinagh and Lisavaird, this will result in an average price of 44.44c/L, including VAT and 0.5c/L somatic cell count bonus.
Carbery said it continues to monitor dairy market performance closely.
Milk price
Meanwhile, Dairygold has confirmed a 4c/L reduction to 42c/L, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of sustainability and quality bonuses, and VAT, for March supplies.
Arrabawn co-op said that “due to weaker global dairy market conditions” its board also decided to reduce its price for milk supplied in March.
It has reduced its price by 4c/L to 44.19c/L inclusive of VAT at 3.6% fat and 3.3% protein.
Kerry Group will pay suppliers a base milk price of 40c/L, including VAT, for milk at 3.3% protein and 3.6% butterfat. This marks a drop of 4c/L from the base price for February supplies.
In the Republic of Ireland, Lakeland Dairies reduced its price for milk supplied in March by 4c/L to 42.85c/L inclusive of VAT at 3.6% fat and 3.3% protein.