Tirlán Sets October Milk Price at 38.08 Cent per Litre

Tirlán has announced that the price for creamery milk supplied in October will be set at a total of 38.08 cent per litre (cpl), inclusive of VAT. This pricing applies to milk with 3.6% butterfat content and 3.3% protein levels. The overall price for October reflects adjustments based on the actual constituents of the milk delivered by suppliers, leading to an average effective price of 51.30 cpl for this month.

In a statement, Tirlán Chairperson John Murphy highlighted the challenges faced in the current market. He noted that “the sharp reductions in market returns since mid-August require us to continue to adjust our farm gate price.” Murphy expressed empathy for the concerns of farm families, emphasizing the company’s commitment to minimizing the impact of the market downturn. He specifically acknowledged the challenges for Liquid Milk suppliers and members of the Autumn Calving Scheme, as well as all farmers who contribute fresh milk during the winter months.

Winter Seasonality Payments Announced

Tirlán will implement unconditional seasonality bonus payments during the winter months of December, January, and February. These payments apply to all non-contracted milk volumes that meet quality standards. For qualified milk volumes, the payment rates will be 5 cpl for December, 7 cpl for January, and 5 cpl for February. As with the October pricing, these seasonality bonuses will be adjusted to reflect the actual constituents of the milk delivered.

Investment in Whey Processing Facilities

In a significant move aimed at expanding its operations, Tirlán recently announced a planned investment of €126 million in its whey processing facilities located in Ballyragget. This investment is part of Tirlán’s strategy to enhance its value-add capabilities. The new facility will focus on producing an advanced nutritional whey protein product portfolio, including clear whey protein, which is increasingly popular among health-conscious consumers.

Once operational, this facility is expected to dramatically increase Tirlán’s capacity to create high-value whey-based products, enhancing both flexibility and innovation within the company. The Board will closely monitor market conditions and price adjustments on a monthly basis to ensure alignment with the evolving landscape.

Tirlán’s proactive measures in pricing and investment highlight its commitment to supporting dairy farmers while also adapting to market challenges and consumer demands.