Tirlán increases September milk price for its Tipperary farmer suppliers

Tirlán will pay a total of 49.08 cent per litre (cpl) (including VAT) for September creamery milk supplies at 3.6% butterfat and 3.3% protein. This is an increase of 2.75 cpl on the payment for August.

The September milk price consists of the following:

• Base milk price of 48.58 cpl (including VAT), an increase of 2.75 cpl from August;
• 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 September creamery milk, based on delivered constituents, will be 62.14 cpl (including VAT).

Tirlán Chairperson John Murphy said: “We are pleased to be in a position to increase milk price by 2.75 cpl this month, which brings the total milk price increases for this year to 13 cpl.

"Dairy markets have been solid in recent weeks, although there has been some softening in European butter prices from record highs. The current milk to feed price ratio presents an opportunity for spring calving herds to generate economic returns by continuing to supply high quality milk for as long as possible.

"The Board will continue to monitor the dairy market on a monthly basis," he added.