Carbery has reduced its base milk price for December supplies to 32.79c/l, excluding VAT.

This represents a drop of 2.52c/l, excluding VAT, on November's base price.

If this decision is replicated across the four west Cork co-ops (Bandon, Barryroe, Drinagh and Lisavaird), this will result in an average milk price of 35.12c/l, excluding VAT.

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This is inclusive of a 0.88c/l somatic cell count (SCC) bonus and 1.25c/l sustainability bonus, both excluding VAT.

A spokesperson for Carbery said: “The pressure on international dairy markets, driven by continued strong global milk supply, continues. Carbery remains committed to paying the best possible milk price based on market returns and we are closely observing market developments."