Centenary Thurles, the Thurles-based co-op with 1,265 farmer members, has returned to profit after reporting pre-tax profits of more than €1.2m for its 2017 financial year. The co-op had made a loss of €412,000 the previous year, after supporting both milk and grain prices to the tune of €1.25m.

Centenary paid no supports to members on grain or milk supplied last year, with co-op chair Jim Russell describing 2017 as an excellent year for farming in general. The co-op said it paid an average milk price of 37.34c/l last year, which was up 9.5c on the 2016 average. Centenary said grain prices paid to farmer suppliers were up €7/t last year. With bonus payments included, the price for barley increased to €145/t, while wheat prices stood at €153/t.