The board of Dairygold has announced that it will pay a milk price bonus of 0.47c/l excl VAT (0.5c/l incl VAT) on all 2019 milk supply.
Effectively, this works out as a €2,500 milk price bonus for the typical Dairygold supplier delivering 500,000 litres. The payment will be made in February 2019 (with the January milk cheque) and will cost Dairygold Co-op over €6.7m in total.
As a co-operative with a good 2019 performance, we are happy to reflect that upturn directly in the form of a milk price bonus
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Speaking about the milk bonus, Dairygold chair John O’Gorman said: “The movements in global dairy supply and demand in recent months have created a more balanced market with firmer returns across mainline dairy commodities, especially protein products. As a co-operative with a good 2019 performance, we are happy to reflect that upturn directly in the form of a milk price bonus.”
Fixed milk price option
Dairygold is also offering milk suppliers the opportunity to avail of a fixed milk price for a three-year period commencing on 1 March 2020 and ending on 30 November 2022. The price offered by Dairygold is 30.12c/litre excl VAT (31.75c/l incl VAT) and bonus payments at 3.3% protein 3.6% butterfat.
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The board of Dairygold has announced that it will pay a milk price bonus of 0.47c/l excl VAT (0.5c/l incl VAT) on all 2019 milk supply.
Effectively, this works out as a €2,500 milk price bonus for the typical Dairygold supplier delivering 500,000 litres. The payment will be made in February 2019 (with the January milk cheque) and will cost Dairygold Co-op over €6.7m in total.
As a co-operative with a good 2019 performance, we are happy to reflect that upturn directly in the form of a milk price bonus
Speaking about the milk bonus, Dairygold chair John O’Gorman said: “The movements in global dairy supply and demand in recent months have created a more balanced market with firmer returns across mainline dairy commodities, especially protein products. As a co-operative with a good 2019 performance, we are happy to reflect that upturn directly in the form of a milk price bonus.”
Fixed milk price option
Dairygold is also offering milk suppliers the opportunity to avail of a fixed milk price for a three-year period commencing on 1 March 2020 and ending on 30 November 2022. The price offered by Dairygold is 30.12c/litre excl VAT (31.75c/l incl VAT) and bonus payments at 3.3% protein 3.6% butterfat.
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