Cork processor Carbery Group has announced that it has held its milk price for February supplies.

A spokesperson for the processor confirmed that the group will pay 33.52c/L including VAT (31.8c/L plus VAT) to west Cork suppliers for the month of February – the same as last month.

Meanwhile, the recent trend of positive index results has continued for the Global Dairy Trade (GDT) as its most recent auction returned an eighth consecutive boost in price index.

Positive GDT trend continues

The latest tender – event 232 – concluded earlier today (Tuesday, March 19) with the GDT price index up 1.9%.

Lasting a minute short of the two-hour mark, today’s auction saw 174 bidders compete across 14 rounds with 112 landing winning bids.

A total of 21,713MT of product was sold at today’s event.

Rennet Casein (RenCas) and butter were the big winners at the event, with index increases of 9.7% and 9.3% respectively, recording rising returns.

Meanwhile, whole milk powder (WMP) and cheddar (Ched) also performed strongly, with index boosts of 4% and 3.9% respectively.

On the flip side, anhydrous milk fat (AMF) saw an index drop of 3.1%, while skimmed milk powder (SMP) fell by 2.4%.