Carbery Group has today (Wednesday, November 19) announced its milk price for October supplies, confirming another fall in its average price.

Carbery said that if this decision is replicated across the four West Cork co-ops; Bandon, Barryroe, Drinagh and Lisavaird, this will result in an average milk price of 42.6c/L.

This price is inclusive of VAT, a 0.5c/L SCC bonus and FutureProof sustainability bonus.

The processor noted the FutureProof bonus available for 2025 has increased by 0.25cpl to a total of 1.25cpl.

The co-op confirmed that this marks a reduction of 3.7c/L, inclusive of VAT, compared with the milk price for September.

Carbery

In a statement, a spokesperson for Carbery said: “Very strong global supply continues to outpace consumption and is weakening prices being achieved in dairy markets.

"This, in turn, impacts the returns we can make on our products. While we will make every effort to pay the best price we can based on market returns, we will also prioritise business decisions that maximise shareholder value in other ways.”

The announcement from Carbery follows a range of milk price cuts confirmed by other dairy processors in recent days.

Tirlán confirmed that it will pay a total of 38.08c/L, including VAT, for October milk supplies at 3.6% butterfat and 3.3% protein. This is down 4c/L on the previous month.

The Dairygold board said that it has reduced the October 'Quoted Milk Price' by 3.25c/L to 38c/L.

Kerry Dairy Ireland confirmed that it will pay milk suppliers 41c/L for October milk supplies, including VAT, quality and sustainability bonuses. This marks a reduction of over 3c/L when compared to the September price.

Lakeland Dairies agreed a price of 40.25c/L at 3.6% butterfat and 3.3% protein to be paid for October milk in the Republic of Ireland, which is inclusive of the 0.5c/L sustainability incentive payment.

This is a reduction of 4c/L on the price paid in September and follows a cut of 3c/L last month.