This September payment – from Bandon, Barryroe, Drinagh and Lisavaird co-ops – represents a reduction of 2c/L. A spokesperson for Carbery said: "There is an ongoing weakness in dairy markets, driven by increased milk supplies and subdued demand in key export regions. This downturn in markets continue to impact the return we can make on our products. Carbery are closely monitoring the market situation and continuing to drive business performance in other areas to support milk price.” The 46.31c/L payment is inclusive of VAT, a 0.5c/L SCC bonus, and FutureProof sustainability bonus. This sustainability bonus for 2025 is €1.25c/L which is a 0.25c/L increase. However this and the SCC bonus referenced here are exclusive of VAT.
Earlier this week, Kerry Dairy Ireland announced a 3c/L decrease on payment for September milk, when compared to August. Announcing its September price of 44.53c/L, a spokesperson said: “Dairy markets remain oversupplied, and sentiment is very weak. Continued strong milk supplies across key producers are exerting downward pressure on commodity prices. Market stabilisation and recovery will be dependent on demand picking up at lower prices to absorb surplus supply.”
Last week, Lakeland Dairies also reduced the Septenber milk payment by 3c/L to 44.25c/L inclusive of the 0.5c/l Sustainability Incentive Payment.