Carbery Group has become the latest processor to announce its milk price for February, revealing an increase for last month’s supplies.
The group announced its price today (Monday, March 22).
In a brief statement, a spokesperson for the group said:
“Carbery Group has increased its milk price for February by 1.5c/L. With no support being paid from the stability fund this month, this is a net increase of 0.5c/L.
If this decision is replicated across the four West Cork co-ops – Bandon, Barryroe, Drinagh and Lisavaird – this will result in an average price for February of 33.5c/L, inclusive of VAT.
“The price is exclusive of somatic cell count (SCC) or any other adjustments which may be made by the co-ops.”
The Carbery spokesperson confirmed that positive dairy market forecasts and the resulting confidence is driving the milk price increase.
This follows milk price announcements late last week from Aurivo, Centenary and Strathroy.
Aurivo revealed its decision to increase its base price for February by 1c/L to 34.65c/L inclusive of standard bonuses and VAT at 3.3% protein and 3.6% butterfat. This includes a 1.5c/L early calving bonus.
Finally, Strathroy has confirmed an increase of 1.4c/L in the base price for February milk sent in by suppliers.
This means a base price of 33.5c/L including VAT has been set by the Tyrone-based milk processor.