July milk price trend continues as Tirlán announces slight drop
Tirlán is the latest dairy processor to announce a reduction in milk price for July supplies.
It will pay a total of 48.58c/L (including VAT) for July creamery milk supplies at 3.6% butterfat and 3.3% protein.
The July milk price consists of the following: base milk price of 48.08c/L (including VAT), a reduction of 0.5c/L from June; and Sustainability Action Payment of 0.5c/L (including VAT) to all qualifying suppliers.
The base price and Sustainability Action Payment will be adjusted to reflect the actual constituents of milk delivered by suppliers.
The actual average price paid by Tirlán for July creamery milk, based on delivered constituents will be 54.65c/L (including VAT), the processor has outlined.
Tirlán chairperson John Murphy said: “Our farm gate price required some adjustment this month to move closer to market returns.
"Markets are in the quiet holiday period and prices are generally stable ahead of the resumption of seasonal buying activity.
"The recent announcement on EU-US tariffs should bring some clarity for buyers after a period of uncertainty. Our co-op continues to focus on delivering value to members through milk price but also through additional distributions of value," he added.
According to the chair, distributions of value this year to date, include:
- Over €3.2 million was paid out in February to milk supplier members who qualified for the 2024 Trading Bonus. Over 2,100 Tirlán milk suppliers received a Trading Bonus payment of 0.25c/L or an average of almost €1,500 per supplier;
- In June, about €3.5 million in Share Interest (dividends) or 23.06c/share was paid to milk supplier members. The average Tirlán milk supplier shareholder received a Share Interest payment of €800;
- A total of €3.1 million was paid to 2,700 milk suppliers in June for the 2025 Dairy Trading Bonus Scheme (€30/t on dairy feed and €60/t on calf milk replacer);
- In June, Tirlán completed the spin-out of 15 million Glanbia plc shares worth approximately €215 million to co-op members. Co-op members with queries on their plc holdings should contact Computershare on (01) 247 5349.
The figure of €215 million is based on a Glanbia plc closing share price of €14.30 on August 15, 2025, Tirlán has stated.
