Carbery has dropped its base milk price by 1c/l excluding VAT for last month’s supplies.
It will pay a base price of 45.84c/l excluding VAT for milk supplied in July at 3.3% protein and 3.6% butterfat.
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 47.59c/l, including a 0.5c/l somatic cell count (SCC) bonus and sustainability bonus, all excluding VAT.
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A spokesperson for Carbery said: "Milk supply has strengthened globally, and this combined with uncertainty around tariffs and global trade performance is causing markets and commodity prices to soften.
“We continue to monitor global markets with the aim of delivering the best milk price possible to our shareholders, in line with market performance.”
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Carbery has dropped its base milk price by 1c/l excluding VAT for last month’s supplies.
It will pay a base price of 45.84c/l excluding VAT for milk supplied in July at 3.3% protein and 3.6% butterfat.
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 47.59c/l, including a 0.5c/l somatic cell count (SCC) bonus and sustainability bonus, all excluding VAT.
A spokesperson for Carbery said: "Milk supply has strengthened globally, and this combined with uncertainty around tariffs and global trade performance is causing markets and commodity prices to soften.
“We continue to monitor global markets with the aim of delivering the best milk price possible to our shareholders, in line with market performance.”
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