Dairygold has denied suggestions of discord between management and the co-op board over the extent of the processor’s latest milk price cut.
The Cork-based co-op cut its September milk price by 3.57c/l, excluding VAT.
This latest cut brings its total reduction for the last two months to 6.43c/l, excluding VAT. Dairygold’s September milk price was not announced following last Thursday’s board meeting.
Instead, it was delayed until after the latest cut had been communicated to Dairygold’s regional and general committees by way of a Teams meeting on Monday last.
“At its Thursday meeting, the Dairygold board and management discussed dairy markets and the projected financial impact; and agreed to delay a final decision on milk price until Monday morning, the date when milk payment needed to issue,” a Dairygold spokesperson said.
“Dairygold also called a meeting of its committee members on Monday to provide them with a market update and advance notice of the milk price decision,” the spokesperson added.
Speculation among suppliers suggests that a more severe milk price cut than that eventually agreed was sought by Dairygold management at the 16 October meeting, but this move was successfully opposed by a number of board members.
All other co-ops also cut milk price over the last week.
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