Revealed: Milk price paid to Kilkenny farmers by Tirlán

 Tirlán will pay a total of 46.08 cent per litre (cpl) (including VAT) for August creamery milk supplies at 3.6% butterfat and 3.3% protein.

The August milk price consists of the following:

• Base milk price of 45.58 cpl (including VAT), a reduction of 2.5 cpl from July;
• Sustainability Action Payment of 0.5 cpl (including VAT) to all qualifying suppliers.

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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 August creamery milk, based on delivered constituents will be 54.1 cpl (including VAT).

Tirlán Chairperson John Murphy said: “The Board recognises that many of our farmers will be disappointed by this month’s reduction in milk price. However, it is necessary to align our farm gate price with current market returns.

“The primary reason for this adjustment is the sudden and sharp decline over recent weeks in international market prices for key dairy products, particularly butter and cheese.

“This downturn has been driven by a rebound in global milk supply. After a period of constraint, volumes and constituents began to recover in the second quarter of this year and have continued to rise. Increased production across major dairy-exporting regions has been supported by favourable weather conditions, a strong milk-to-feed price ratio, and minimal impact from animal diseases.

“The Board will continue to monitor market developments on a monthly basis.”