Carbery Group has announced it price for milk supplied in August, opting to increase its offering by 3c/L.
The dairy business said that, if this decision is replicated across the four west Cork co-operatives of Bandon, Barryroe, Drinagh and Lisavaird, it will result in an average milk price of 48.03c/L, inclusive of VAT, a 0.5c/L somatic cell count (SCC) bonus, and the FutureProof sustainability bonus.
The SCC bonus and FutureProof bonus are excluding VAT.
A spokesperson for Carbery said: “This increase in milk price is driven by strengthening markets for cheese and continuing positive dairy market recovery and performance.
“Carbery will continue to maximise returns from dairy markets to support our shareholders with milk price,” the spokesperson added.
Carbery Group’s milk price comes the day after Kerry Dairy Ireland announced its price for August.
The dairy division of Kerry Group confirmed its milk price for August at 45.25c/L, including VAT, at constituents of 3.3% protein and 3.6% butterfat.
This marks an increase on the Kerry price for July milk, which was 44c/L, and from the June price of 42.5c/L.
Based on Kerry’s average milk solids for August, the milk price return inclusive of VAT and bonuses is 51.81c/L, the processor said.
In a statement, Kerry Dairy Ireland said that “supply side dynamics continue to bolster dairy markets with milk volumes across major exporters continuing to fall short of projection”.
Last week, Lakeland Dairies also confirmed that it would increase the price paid to farmers for milk supplied in August.
The board of the Lakeland decided to increase its price, offering 46.5c/L at standard constituents at 3.6% butterfat and 3.3% protein.
This figure is inclusive of a 0.5c/L Sustainability Incentive Payment.
Lakeland’s base price for August reflects an increase of 1.25c/L from last month’s price of 45.25c/L.
In Northern Ireland, a base price of 38.3p/L will be paid by Lakeland for milk supplied in August, which is inclusive of a 0.5p/L Sustainability Incentive Payment.
The base price increased by 1p/L from last month’s price.