Milk
Tirlán will pay a total of 44.83 cent per litre (cpl) (including VAT) for July creamery milk supplies at 3.6% butterfat and 3.3% protein. This is an increase of 1.75 cpl on the payment for June.
The July milk price consists of the following:
The base price and Sustainability Action Payment will be adjusted to reflect the actual constituents of milk delivered by suppliers.
The actual average price paid by Tirlán for July creamery milk, based on delivered constituents, will be 49.66 cpl (including VAT).
Tirlán Chairperson John Murphy said: “Butter and cream prices recorded a notable increase in recent weeks due to tight supply. Milk constituent levels have struggled in Europe due to weather and feed issues, which has reduced butterfat availability.
“Global milk supply is forecast to increase in the coming months but overall supply is likely to be similar to the previous year, or only marginally higher. The main driver of market dynamics in the coming months is likely to be the seasonal ramp-up of production in the southern hemisphere. The Board will continue to monitor the dairy market on a monthly basis.”
Milk Supplier Open Days
Tirlán Chairperson John Murphy said he looked forward to meeting as many Tirlán milk suppliers as possible at Open Days to be held at the Ballyragget Milk Processing Plant on Tuesday 24 September and Wednesday 25 September. Details on registration and booking will issue shortly.
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