Tirlán March milk price 44.08 cpl

Tirlán will pay a total of 44.08 cent per litre (cpl) (including VAT) for March creamery milk supplies at 3.6% butterfat and 3.3% protein, it was announced yesterday (Wednesday).

The March price of 44.08 cpl (including VAT) consists of the following:

·         Base milk price for March of 36.08 cpl (including VAT), a decrease of 3cpl;

·         A Weather-related Payment of 1.0 cpl (including VAT) for all milk supplied in March (bringing the net reduction to 2 cpl);

·         An Agri-Input Support Payment of 6.5 cpl for all milk supplied in March, including volumes in Fixed Milk Price schemes;

·         A Sustainability Action Payment of 0.5 cpl (including VAT) to all qualifying suppliers.

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The base price, Agri-Input Support Payment, Sustainability Action Payment and Weather-related Payment will be adjusted to reflect the actual constituents of milk delivered by suppliers.

The Tirlán total price for March creamery milk, based on LTO constituents of 4.2% butterfat and 3.4% protein, is 47.87 cpl (including VAT). This includes the Agri-Input Support Payment, Sustainability Action Payment and Weather-related Payment.

Tirlán Chairman John Murphy said: “The month of March was challenging on farm, with difficult weather conditions and elevated farm input costs. Market returns continue to show weakness relative to the highs of last year and this has to be reflected in our farm gate milk price. The key drivers of the downward pressure on dairy commodity prices have been milk production growth and relatively weak import volumes in some regions. The Board will continue to monitor the situation on a monthly basis.”