Milk lorries unloading at the Carbery proccessing plant in Ballineen, Co Cork.
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Carbery has reduced its milk price by 3.5c/l excluding VAT for November supplies.
If this decision is replicated across the four west Cork co-ops of Bandon, Barryroe, Drinagh and Lisavaird, it will result in a base price of 35.31c/l excluding VAT.
A 0.88c/l somatic cell count (SCC) bonus and 1.25c/l sustainability bonus, both excluding VAT, will be paid in addition to this, which would bring the price to 37.44c/l excluding VAT.
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A spokesperson for Carbery said the November price reduction reflects sustained pressure in international dairy markets, driven by continued strong global milk supply.
“This imbalance between supply and demand has weakened commodity prices, particularly for core products such as butter, cheese and milk powders.
“Carbery remains committed to paying the best possible milk price based on market returns. However, we must also balance this with broader commercial considerations,” they said.
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Carbery has reduced its milk price by 3.5c/l excluding VAT for November supplies.
If this decision is replicated across the four west Cork co-ops of Bandon, Barryroe, Drinagh and Lisavaird, it will result in a base price of 35.31c/l excluding VAT.
A 0.88c/l somatic cell count (SCC) bonus and 1.25c/l sustainability bonus, both excluding VAT, will be paid in addition to this, which would bring the price to 37.44c/l excluding VAT.
A spokesperson for Carbery said the November price reduction reflects sustained pressure in international dairy markets, driven by continued strong global milk supply.
“This imbalance between supply and demand has weakened commodity prices, particularly for core products such as butter, cheese and milk powders.
“Carbery remains committed to paying the best possible milk price based on market returns. However, we must also balance this with broader commercial considerations,” they said.
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