A number of milk processors have followed Lakeland Dairies’ charge by setting their October 2022 milk price.
Firstly, Tirlán has confirmed that it will pay its milk suppliers a total of 58.08c/L (including VAT) for supplies at 3.6% butterfat and 3.3% protein.
The price comprises the following:
- Base milk price unchanged at 51.08 cpl (including VAT);
- The Agri-Input Support Payment remains at 6.5 cpl for all milk supplied, including volumes in Fixed Milk Price schemes;
- A monthly Sustainability Action Payment of 0.5 cpl (including VAT) on all milk supplied in 2022. Suppliers are encouraged to register their sustainability actions now to secure the 0.5c/L for 2023.
The base price, Sustainability Action Payment and Agri-Input Support Payment will be adjusted to reflect the actual constituents of milk delivered by suppliers.
According to a spokesperson, the Tirlán total price for October creamery milk, based on LTO constituents of 4.2% butterfat and 3.4% protein, is 63.0c/L (including VAT).
This includes the Sustainability Action Payment and Agri-Input Support Payment.
Seasonality payments will apply over the winter months of December, January and February.
Furthermore, it will pay a Seasonality Bonus payment of 4c/L (including VAT) on all non-contracted milk volumes supplied during December that meet quality criteria.
Kerry Group
Meanwhile, the Kerry Group base price for milk supplies is 56c/L (Vat Inc) at 3.30% Prot/3.60% Bfat and 61.28 cent per litre (Vat Inc) 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 70.97c/L.
Kerry Group will also pay an additional 1c/L (Vat Inc) @ 3.30% Protein and 3.60% Butterfat on October volumes as part of its contractual commitment.
It will make an ex-gratia payment of 1 cent per litre (Vat Inc) @ 3.30% Protein and 3.60% Butterfat will on milk volumes supplied under fixed price contracts in October.
Carbery
Carbery has maintained its milk price for October, a spokesperson has confirmed.
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 57.2c/L, inclusive of VAT and 0.5cpl Somatic Cell Count (SCC) bonus.
In September, Carbery began to pay out a sustainability bonus of 0.5c/L to farmers who have committed to its FutureProof program.
It pays the 0.5c/L on all milk supplied in 2022 to farmers who have signed a sustainability pledge and agreed to undergo an ASSAP water quality assessment.
In 2023, farmers signed up to FutureProof will receive a 1c/L bonus in exchange for agreeing to milk record, use protected urea and improve EBI, in addition to a continued commitment to ASSAP.
Dairygold
Meanwhile, Dairygold has maintained the October quoted milk price at 57.5c/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 74.9cpl, based on average October milk solids, achieved by its milk suppliers.
The quoted milk price for October based on EU Standard constituents of 3.4% Protein and 4.2% Butterfat is 62.7cpl.
