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Irish Examiner

Co-ops confirm May milk prices

May milk prices have been confirmed by Dairygold, Kerry Dairy Ireland, Tirlán, and Carbery. The May quoted milk price has been reduced by 1cpl by the Dairygold board. This results in a milk price of 49cpl based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of Sustainability and Quality payments and VAT. This will result in an average May farm gate milk price of 53.4cpl based on the average May 2025 mil solids achieved by Dairygold milk suppliers. Based on EU standard constituents, of 3.4% protein and 4.2% butterfat, is 53.5cpl inclusive of VAT for the quoted milk price for May. A company spokesperson stated: "While dairy commodity prices remain relatively robust, the global supply and demand balance for certain products has weakened. Supply is projected to increase, and demand in some sectors is challenged, negatively impacting returns. "Additionally, geopolitical concerns and Trump tariffs pose significant challenges for buyers navigating an uncertain environment. The Dairygold Board continues to monitor markets closely and will review milk price on a monthly basis.' Kerry Dairy Kerry Dairy Ireland has announced a May milk price of 50.03cpl, including VAT, as well as quality and sustainability bonuses. At EU standard constituents 3.40% protein and 4.20% butterfat, the milk price is 54.66cpl including VAT. Based on average milk solids from Kerry Dairy Ireland suppliers, the milk price return, inclusive of VAT and bonuses, amounts to 52.75cpl. A spokesperson for Kerry said: 'Strong demand has supported relative market stability; however, rising commodity prices are beginning to filter through to retail, which may result in increased pressure on consumer demand.' Tirlán Tirlán has announced that they will reduce the base milk price by 1cpl from April's price and pay suppliers 49.08cpl, including VAT, for supplies at 3.3% protein and 3.6% butterfat. The base milk price in May for Tirlán suppliers will now be 48.58cpl (including VAT) with a 0.5cpl (including VAT) Sustainability Action payment added for qualifying suppliers. The base price and Sustainability Action Payment will be adjusted to reflect the actual constituents of milk delivered by suppliers. The actual average price paid by Tirlán for May milk supplies based on delivered constituents will be 53.62cpl (including VAT). Commenting on the May milk prices, Tirlán Chairperson John Murphy said: 'We have come through a very strong peak milk supply period, and milk volumes remain very good due to favourable weather conditions. "While dairy markets are generally stable, the price we have set today reflects the current returns. It is still shaping up to be a decent year on dairy farms.' Carbery Carbery has also reduced its May milk price by 1cpl. Assuming the decision is replicated across the four West Cork co-ops, Bandon, Barryroe, Drinagh, and Lisvard, this will result in an average milk price of 51.07cpl inclusive of VAT, the 0.5cpl SCC (Somatic Cell Count) bonus, and the FutureProof sustainability bonus, which as of this year is 1.25cpl. A spokesperson for Carbery added: "While dairy markets remain relatively stable, geopolitical developments are creating uncertainty for buyers, while demand has weakened somewhat with supply projected to increase.' Read More Stephen Cadogan: Why every dairy farmer needs a cash buffer in 2025