Tirlán January milk price 41.08 cpl - Kilkenny Farming

Tirlán will pay a total of 41.08 cent per litre (cpl) (including VAT) for January creamery milk supplies at 3.6% butterfat and 3.3% protein.

The price includes a Seasonality Payment of 4 cpl (including VAT) that will be paid on all creamery milk volumes supplied in January that meet quality criteria.

The January milk price consists of the following:

• Base milk price of 36.58 cpl (including VAT), an increase of 1 cpl;
• A Seasonality Payment of 4.0 cpl (including VAT) which applies to all creamery milk volumes supplied during January that meet quality criteria. This payment also applies to non-contracted volumes from our Autumn calving and Liquid Milk scheme members;
• Sustainability Action Payment of 0.5 cpl (including VAT) to all qualifying suppliers.

The base price, Seasonality Payment and Sustainability Action Payment will be adjusted to reflect the actual constituents of milk delivered by suppliers.

The Tirlán total price for January creamery milk, based on LTO constituents of 4.2% butterfat and 3.4% protein, is 44.63 cpl (including VAT).

Tirlán Chairperson John Murphy said: “The Board is pleased to be in a position to increase base milk price for the third consecutive month to reflect recent improvements on global markets. Milk supply growth globally was very low in 2023 and is forecast to remain sluggish, which should support dairy markets. However geopolitical concerns and economic weakness in some markets continue to impact on demand and will need to be monitored closely.

“Our January milk price includes our 4 cpl Seasonality Payment, which is a recognition of the higher costs incurred in milk production at this time of the year. It is also important to acknowledge and thank those suppliers who ensured quality milk was available to consumers over the winter period.”

Unconditional Seasonality Bonus Payment rates

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 rate for January 2024 is 4 cpl, with 3 cpl available for February 2024.

The unconditional Seasonality Bonus Payment will increase to 5 cpl in December 2024; 7 cpl in January 2025 and 5 cpl in February 2025. Payment will be adjusted to reflect the actual constituents of the milk delivered.