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Carbery Maintains Base Milk Price for October, But Overall Payment Takes a Dip


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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.

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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.

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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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