A Dairygold spokesperson said that dairy market prices have continued to weaken due to increased global milk supplies and reduced demand driven by inflationary pressures.
Dairygold is the third processor to cut its February milk price.
ADVERTISEMENT
Dairygold is the latest milk processor to cut its February milk price, taking 6c/l off the base price of milk for the month.
It will pay suppliers 43.80c/l excluding VAT, based on standard constituents of 3.3% protein and 3.6% butterfat. The price is inclusive of sustainability and quality bonuses.
A 2c/l February early calving bonus, excluding VAT, will be paid on milk supplied in February in accordance with milk quality criteria.
ADVERTISEMENT
Markets
A Dairygold spokesperson said that dairy market prices have continued to weaken due to increased global milk supplies and reduced demand driven by inflationary pressures.
“The outlook for market returns is still uncertain, but Dairygold will continue to maximise the returns from dairy ingredients to pay milk suppliers.
“The Dairygold board will continue to monitor markets closely and review milk price on a month-by-month basis.”
Lakeland and Kerry
Earlier this week, both Kerry Group and Lakeland Dairies announced they were also cutting milk prices by 6c/l.
A Lakeland spokesperson said that overall outcomes remain unpredictable and there is continuing variability, which will remain a feature of global markets for the immediate period ahead.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
However, if you would like to share the information in this article, you may use the headline, summary and link below:
Title: Dairygold cuts February milk price
A Dairygold spokesperson said that dairy market prices have continued to weaken due to increased global milk supplies and reduced demand driven by inflationary pressures.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Dairygold is the latest milk processor to cut its February milk price, taking 6c/l off the base price of milk for the month.
It will pay suppliers 43.80c/l excluding VAT, based on standard constituents of 3.3% protein and 3.6% butterfat. The price is inclusive of sustainability and quality bonuses.
A 2c/l February early calving bonus, excluding VAT, will be paid on milk supplied in February in accordance with milk quality criteria.
Markets
A Dairygold spokesperson said that dairy market prices have continued to weaken due to increased global milk supplies and reduced demand driven by inflationary pressures.
“The outlook for market returns is still uncertain, but Dairygold will continue to maximise the returns from dairy ingredients to pay milk suppliers.
“The Dairygold board will continue to monitor markets closely and review milk price on a month-by-month basis.”
Lakeland and Kerry
Earlier this week, both Kerry Group and Lakeland Dairies announced they were also cutting milk prices by 6c/l.
A Lakeland spokesperson said that overall outcomes remain unpredictable and there is continuing variability, which will remain a feature of global markets for the immediate period ahead.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS