Carbery Maintains Base Milk Price for October, But Overall Payment Takes a Dip
Carbery’s decision to maintain the base milk price for October resonates with the effort to stabilize amidst an unpredictable dairy market.
The west Cork-based processor’s consistent approach to holding the price, despite a slight reduction in support from its Stability Fund, underlines the balancing act required in navigating the intricacies of the dairy sector.
If this choice is mirrored by other co-ops in the region, the average price for October stands at 34.92 c/L, slightly lower than September’s average of 35.98 c/L.
This adjustment accounts for VAT, a 0.5 c/L somatic cell count (SCC) bonus, and the Stability Fund contribution, showcasing Carbery’s concerted effort to balance stability and adaptability in the face of market shifts.
Across processors, there’s a prevailing theme of maintaining prices to offer consistency and support to dairy farmers.
Tirlán’s decision to hold its October milk price at 33.08c/L, inclusive of VAT, underscores a commitment to provide stability amidst fluctuating market dynamics.
Similarly, Dairygold and Kerry Group have opted for a steady approach, sustaining quoted milk prices for October at 33.5c/L and 32c/L respectively, inclusive of various bonuses and VAT.
This demonstrates a strategic move to uphold stability and reliability in pricing despite the market’s volatility.
The inclination towards stability extends to Lakeland Dairies, as it too commits to maintaining its October price offering at 34c/L for milk supplied in the Republic of Ireland.
This consistent approach across multiple processors signifies a collective effort within the dairy industry to provide a secure and reliable environment for dairy farmers.
Amidst these deliberations, Carbery proudly celebrated the success of Seán Deasy, a supplier from Barryroe Co-op, who secured the top spot at the 2023 Carbery Milk Quality and Sustainability Awards.
Deasy’s remarkable achievement of yielding 509kg of milk solids per cow in 2022 stands as a testament to the emphasis on quality and sustainability within the industry.
His dedication to long-term consistency in milk production, along with his family’s involvement, sets a benchmark for excellence within the dairy sector, not only in Ireland but the global market.
The collective stance taken by processors to maintain prices amid market uncertainties highlights a unified effort to ensure stability and support for dairy suppliers.
This newest commitment to consistency amidst fluctuating market conditions serves as a cornerstone for sustaining the vitality and resilience of the dairy industry.
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