Tirlán cuts milk price by further 4c/L for October
Tirlán has today (Tuesday, November 18) confirmed that it will pay a total of 38.08c/L, including VAT, for October milk supplies at 3.6% butterfat and 3.3% protein.
The dairy co-op said the October milk price consists of the following:
- Base milk price of 37.58c/L, including VAT, a reduction of 4c/L from September;
- Sustainability Action Payment of 0.5c/L including VAT to all qualifying suppliers.
Tirlán said the base price and Sustainability Action Payment will be adjusted to reflect the actual constituents of milk delivered by suppliers.
The co-op said the actual average price paid by Tirlán for October creamery milk, based on delivered constituents will be 51.30c/L, including VAT.
Tirlán
In a statement, Tirlán chairperson John Murphy said: “The sharp reductions in market returns since mid-August require us to continue to adjust our farm gate price in order to bring it to the appropriate level.
"We fully appreciate the concern the rapid market downturn is causing for our farm families and will continue to work to mitigate the impact in so far as is possible.
"We are particularly conscious of our liquid milk suppliers and our Autumn Calving Scheme members, as well as all other farmers who supply valuable fresh milk over the winter period," he said.
Tirlán said unconditional seasonality bonus payments apply over the winter months of December, January and February on all non-contracted milk volumes that meet quality criteria.
The payment rates for qualified milk volumes are 5c/L for December, 7c/L for January and 5c/L for February.
The co-op added that unconditional Seasonality Bonus payments will be adjusted to reflect the actual constituents of the milk delivered.
Whey facility
Last Friday (November 14), Tirlán announced plans for a €126 million investment in its whey processing facilities in Ballyragget, Co. Kilkenny.
"This significant investment marks an important step in Tirlán’s value-add journey, enabling us to expand our whey processing and product innovation capabilities.
"The new facility will focus on the production of an advanced nutritional whey protein product portfolio, including clear whey protein - an increasingly popular product among lifestyle consumers.
"Once operational, the facility will significantly increase Tirlán’s capacity and flexibility to create high-value whey-based products.
"The board will continue to monitor market developments on a monthly basis," Murphy said.
