Tirlán has today (Tuesday, March 18) announced that it will pay a total of 56.08c/L (including VAT) for February creamery milk supplies at 3.6% butterfat and 3.3% protein.
The price includes a Seasonality Payment of 5c/L (including VAT) that will be paid on all creamery milk volumes supplied in February that meet quality criteria.
It has not increased its base price from January and the decrease for February is therefore in additional bonuses and payments.
The February milk price consists of the following:
The base price, Seasonality and Sustainability Action Payment will be adjusted to reflect the actual constituents of milk delivered by suppliers, according to the processor.
The actual average price paid by Tirlán for February creamery milk, based on delivered constituents and including seasonality, will be 64.23c/L (including VAT), it said.
Tirlán chairperson John Murphy said: “Balanced global supply-demand fundamentals have been supportive to the market as we approach peak milk production in Europe.
"While butter price has strengthened recently, there is considerable uncertainty on the potential impact of tariffs in the coming months. The board will continue to monitor developments on a monthly basis.”
The Tirlán February milk price includes a 5c/L Seasonality Payment which is paid on all non-contracted milk volumes.
Ahead of the 2025 breeding season, John Murphy has reminded Tirlán milk suppliers that unconditional Seasonality Bonus Payments will remain unchanged for next winter i.e., 5c/L in December 2025; 7c/L in January 2026 and 5c/L in February 2026.