Carbery has become the latest processor to set its August 2022 milk price.
A spokesperson released a statement on its behalf earlier this afternoon (Monday, September 19th, 2022).
It has maintained its milk price for August at the same level as July. There was an increase of 2c/L in July on June prices, the statement reads.
If the four West Cork co-ops; Bandon, Barryroe, Drinagh and Lisavaird, replicate this decision, it will result in an average price for August of 57.2cpl, inclusive of VAT and 0.5cpl Somatic Cell Count (SCC) bonus.
A spokesperson for Carbery said:
“While dairy markets remain stable, they are closely monitoring global markets for any pressure on the economy from inflation, energy prices or other factors.”
Dairygold’s August milk price
Meanwhile, Dairygold has maintained the August quoted milk price at 57.5cpl, based on standard constituents of 3.3% Protein and 3.6% Butterfat, inclusive of bonuses and VAT.
This, a spokesperson told That’s Farming, milk price equates to an average August farm gate milk price of 64.8cpl, based on average August milk solids, Dairygold milk suppliers achieved.
The quoted milk price for August based on EU Standard constituents of 3.4% protein and 4.2% butterfat is 62.7cpl.
A spokesperson for Dairygold said:
“Dairy markets have continued to be flat in recent weeks as we now see the impact of inflation on demand.”
“Market returns remain at historic highs, and this is reflected in the continuous strong milk price being paid.”
“The society will continue to maximise the value of milk returns to recognise the significant increases in input costs to milk suppliers this year.”
“The Dairygold board will continue to monitor markets closely and review milk price on a month-by-month basis,” the spokesperson added.
Its announcement follows Kerry Group’s and Lakeland Dairies’ in recent days.
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