Milk price ‘top up’ for Kilkenny farmers announced by co-op
Tirlán has set a floor price of 38.08 cent per litre (cpl) (including VAT and 0.5cpl Sustainability Action Payment) for June, July and August milk supplies, barring unforeseen events.
This is an increase of 1.0 cpl on its previously announced three-month milk price of 37.08 cpl for March, April and May milk.
In addition, the Co-op has announced that this month’s milk payment will include a 0.5cpl market-based adjustment to the final March, April and May milk price.
This will result in a €6.1 million retrospective top-up payment to farmers for March, April and May milk supplies, bringing the total milk price for this period to 37.58 cpl (including VAT and 0.5cpl Sustainability Action Payment). All payments are quoted at base solids and will be adjusted for constituents.
Tirlán Chairperson Ger O’ Brien said that the Co-op Board was pleased to be in a position to set a floor on the milk price for June, July and August supplies and hoped that it would provide confidence to farmers.
There has been an increase in returns for some products, particularly proteins, he explained.