Tirlán August milk price 46.33 cpl

Tirlán will pay a total of 46.33 cent per litre (cpl) (including VAT) for August creamery milk supplies at 3.6% butterfat and 3.3% protein. This is an increase of 1.5 cpl on the payment for July.

The August milk price consists of the following:

• Base milk price of 45.83 cpl (including VAT), an increase of 1.5 cpl from July;
• Sustainability Action Payment of 0.5 cpl (including VAT) to all qualifying suppliers.

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 53.36 cpl (including VAT).

Tirlán Chairperson John Murphy said: “Dairy commodity markets are continuing to firm, with a noticeable lift in butter prices. Overall the global milk supply outlook remains unchanged and is likely to be flat this year. The Board will continue to monitor the dairy market on a monthly basis.”

Nitrates Derogation

This week, Tirlán also joined organisations from across the Irish agri-food sector to highlight Ireland’s collaborative approach to enhancing water quality and supporting the retention of the Nitrates Derogation as part of an EU Commission visit.

John Murphy stated: “During a visit of the delegation to the Poole family farm in Co Wexford, Tirlán had the opportunity to highlight the commitment of our suppliers to improving water quality in river catchments and the progressive body of work underway as part of the Farming for Water: River Slaney Project. It was an opportunity to show the Nitrates European Commission delegation first-hand the practical science-based approach to enhancing water quality on Irish farms.”

Registration for SGM

Registration is now open for Tirlán Co-op Members for the upcoming Special General Meeting (SGM) on October 4th, 2024. The SGM is being held for Members to vote on a proposed Rule change that would allow the Board of the Co-op greater flexibility in managing its financial investments.

If approved by Members, the Rule change will facilitate the release of €239 million of value to Members through a spin-out of 15 million Glanbia plc shares. This would be worth approximately €7,013* for every 1,000 shares that a farmer currently holds in Tirlán Co-op, or €24,604* to an average active Tirlán Co-op Member.

Members eligible to vote will have received a registration pack via post with details on how to register. Please contact your Tirlán representative or the Co-op Shares Office on 058 44444 if you have any queries.

*Based on the Glanbia plc closing share price of €15.90 on 28 August 2024.

First Published: 18 September 2024