Carbery maintains its milk price at 52.12c/L for April amid global market uncertainty and potential tariffs. The price includes VAT, somatic cell count, and an increased FutureProof sustainability bonus. With strong financial results in 2024, Carbery continues to support farmers through sustainability incentives and a Stability Fund.
Carbery has confirmed it will maintain its milk price for April at an average of 52.12 cents per liter, covering the four West Cork co-operatives: Bandon, Barryroe, Drinagh, and Lisavaird. This price includes VAT, a 0.5 cents per liter bonus for low somatic cell counts, and the FutureProof sustainability bonus, which has increased by 0.25 cents per liter to a total of 1.25 cents per liter for 2025.
The decision to hold the milk price steady comes amid ongoing uncertainty in global markets, including concerns over potential tariffs that could impact dairy trade. A spokesperson for Carbery emphasized that the company is closely monitoring the situation while prioritizing efforts to maximize returns for its shareholders.
Carbery Group reported a strong financial performance in 2024, with an 8% increase in revenue to €668 million and a 12% rise in EBITDA to €52 million. Operating profit grew by 20%, reflecting the group’s resilience despite challenging market conditions.
To support farmers and stabilize future milk prices, Carbery has allocated €8.6 million to its Stability Fund. Additionally, the company paid out €4.7 million to farmers participating in sustainability programs, with 93% of the milk pool coming from FutureProof participants.
Carbery’s commitment to maintaining milk price stability, coupled with increased sustainability incentives, reflects its strategy to support dairy farmers while navigating global economic challenges.
