A base price of 38.90c/L (3.6 per cent butterfat and 3.3 per cent protein) will be paid for January milk in the Republic of Ireland. The base price has increased by 1.75c/L including the new 0.5c/L Sustainability Incentive Payment. All suppliers will automatically receive a 1c/L early-calving bonus and will also receive an unconditional 1c/L Input Support Payment to assist farmers with costs during a challenging winter period. Overall, the price has increased by 2.75c/L and the base is now 40.90c/L. Meanwhile, qualifying farmers will also receive a 5c/L out-of-season payment.
In Northern Ireland (NI), a base price of 31.75p/L will be paid for milk supplied in January. The base price has increased by 1.5p/L including the new 0.5p/L Sustainability Incentive Payment. All NI suppliers are also automatically receiving the unconditional 1p/l Input Support Payment to give an all-in price increase of 2.5p/L to a base of 32.75p/L.