Dairygold has announced a cut of 1.9c/l, excluding VAT, to its base price for November supplies.
This follows a reduction of 3.09c/l in October and leaves Dairygold's base price at 32.86c/l, excluding VAT, for last month's milk.
An additional 1.47c/l will also be paid to suppliers qualifying for the co-op's sustainability and quality payments for milk supplied in November.
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Dairygold has said that actual solids delivered will see the co-op pay suppliers 46.72c/l ex-VAT at average constituents.
Weak sentiment
Commenting on the board’s decision, Dairygold chair Pat Clancy said that dairy market sentiment remains very weak, as robust global milk production continues to outpace demand, with all major exporting regions contributing to this sustained supply growth.
"This ongoing imbalance between supply and demand continues to exert downward pressure on dairy market returns and this trend is also reflected in the futures markets into Q1 2026.
"A shift in the underlying supply and demand dynamics will be required to change the prevailing market outlook and improve sentiment."
The Dairygold board has said it will continue to monitor markets closely and will review milk price on a monthly basis.
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Dairygold has announced a cut of 1.9c/l, excluding VAT, to its base price for November supplies.
This follows a reduction of 3.09c/l in October and leaves Dairygold's base price at 32.86c/l, excluding VAT, for last month's milk.
An additional 1.47c/l will also be paid to suppliers qualifying for the co-op's sustainability and quality payments for milk supplied in November.
Dairygold has said that actual solids delivered will see the co-op pay suppliers 46.72c/l ex-VAT at average constituents.
Weak sentiment
Commenting on the board’s decision, Dairygold chair Pat Clancy said that dairy market sentiment remains very weak, as robust global milk production continues to outpace demand, with all major exporting regions contributing to this sustained supply growth.
"This ongoing imbalance between supply and demand continues to exert downward pressure on dairy market returns and this trend is also reflected in the futures markets into Q1 2026.
"A shift in the underlying supply and demand dynamics will be required to change the prevailing market outlook and improve sentiment."
The Dairygold board has said it will continue to monitor markets closely and will review milk price on a monthly basis.
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