Carbery Group has announced its milk price for October 2021 supplies.
Its announcement follows Dairygold’s, Kerry Group’s and Lakeland Dairies’ in recent days.
In a statement to That’s Farming on Thursday, November 18th, 2021, a spokesperson for the milk processor said:
“Carbery Group has increased its milk price for October by 1c/L.”
“If this decision is replicated across the four West Cork co-ops; Bandon, Barryroe, Drinagh and Lisavaird, this will result in an average price for October of 38.2c/L, inclusive of VAT and 0.5c/L SCC bonus.”
Dairygold has increased the October quoted milk price by 1cpl to 38.0c/L, based on standard constituents of 3.3% Protein and 3.6% Butterfat, inclusive of bonuses and VAT.
This milk price equates to an average October farm gate milk price of 49.0c/L, based on average October milk solids achieved by Dairygold milk suppliers.
The quoted milk price for October based on EU standard constituents of 3.4% protein and 4.2% butterfat is 41.5c/L.
Kerry Group’s base price for October milk supplies will increase by 1c/l to 37c/l incl VAT at 3.30% Prot/3.60% Bfat and 40.62c/L incl Vat at EU Standard Constituents 3.40% Prot/4.20% Bfat.
Based on Kerry’s average milk solids for October, the milk price return inclusive of VAT and bonuses is 46.93c/L.
In the Republic of Ireland, Lakeland Dairies has increased its October milk price by 0.5c/L and will pay a base milk price of 38c/L, including VAT, for milk at 3.6% fat and 3.3% protein.
Meanwhile, in Northern Ireland, Lakeland Dairies has increased its milk price by 0.4 pence per litre and will pay a milk price of 30.5p/litre.
See more milk price updates.
Dairy co-op fined for 1-hour publishing delay
Meanwhile, a dairy farmers’ milk co-operative has paid a penalty of over $11,000 after it failed to publish any of its standard form milk supply agreements for the 2021-2022 dairy season on its website on time.
The Australian Competition and Consumer Commission issued an infringement notice to Dairy Farmers’ Milk Co-operative for a Dairy Code of Conduct breach.
The Dairy Code requires most companies that buy milk from farmers to publish standard form milk supply agreements on their websites by 2.00 pm on June 1st, every year.
Read more on this.