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Dairygold increases May milk price
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Dairygold increases May milk price

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The board of Dairygold has decided to increase the price of milk supplied in May at Monday’s board meeting.
The board of Dairygold has decided to increase the price of milk supplied in May at Monday’s board meeting.

Dairygold has become the latest co-op to increase the milk price by 1c/litre. For milk supplied in May at 3.3% protein and 3.6% fat, the base price is 30.83c/l (ex VAT) which includes a 0.5c/l quality bonus.

With only LacPatrick left to set a price, Dairygold and all other co-ops have increased the milk price for May by 1c/l.

On Friday, the board of Aurivo increased by 1c/l as did Arrabawn last Thursday and Kerry on Wednesday.

Glanbia, Lakeland and the Carbery Group all increased their respective prices by 1c/l last Tuesday.

PPI

The latest Ornua Purchase Price Index (PPI) rose by 1.8% in May, resuming the growth trend stalled since the start of this year.

The PPI value now stands at 106.8, a level not seen since the autumn of 2014. This means the commodities exported by Ornua are returning a farmgate milk price of 30.3c/l (excluding VAT).

Read more

Dairy markets: Futures suggest another rise in this week’s GDT

Butter prices reach ‘unsustainable’ levels

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