Tipperary Co-op increases October milk price
Additional reporting by Emma Gilsenan
Tipperary Co-op has become the latest cooperative to announce its milk price for October supplies, revealing an increase for last month’s milk.
Making the announcement today, Wednesday, November 20, the co-op revealed a price of 29.5c/L including VAT – an increase of 0.5c/L.
The Tipperary Co-op price follows October milk price announcements from a number of other firms in recent days and weeks.
Earlier today, southern cooperative North Cork Creameries revealed that it has decided to maintain its October milk price at 29.5c/L including VAT, based on solids of 3.6% butterfat and 3.3% protein.
On Monday, November 18, Aurivo announced its decision to hold its milk price, with a spokesperson for the cooperative saying:
The board of Aurivo has agreed to hold the price of milk for October at 29.75c/L including VAT.
“Our average payout will be 37.2c/L.
“Markets are delicately balanced and the board will continue to monitor developments closely,” the spokesperson for the north-west co-op added.
Meanwhile, Dairygold also announced its milk price for October on Monday.
A spokesperson for the southern cooperative said:
Dairygold confirms that its base price for October milk supplies, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of VAT and bonuses, is 29.19c/L, unchanged on the September milk price.
“This equates to an average farm gate milk price of 37.97c/L based on average October milk solids, achieved by our suppliers, for all milk supplied to Dairygold,” the spokesperson added.