Tirlán July milk price 44.83 cpl

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:

• Base milk price of 44.33 cpl (including VAT), an increase of 1.75 cpl from June;
• 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 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 September 24 and Wednesday September 25. Details on registration and booking will issue shortly.

First Published 16 August 2024