Dairygold has increased its base milk price for April by 0.5cpl to 33c/l, ex VAT, based on standard constituents of 3.3% protein and 3.6% butterfat.
For March, Dairygold paid a base price of 33.5 c/litre ex VAT, but this included a 1c/l unconditional bonus.
Hence the March base price before bonus was 32.5c/l. Moving up 0.5c/l for April takes Dairygold's base price to 33c/l, ex VAT, which is down from the milk price of 33.5c/l paid out in March.
A company spokesperson said: “We are now passing through peak milk production and while national milk supplies are well ahead of prior year, overall EU supplies remain in line. There has been some volatility in dairy markets particularly as COVID-19 restrictions are being eased, but in the overall context dairy markets remain reasonably positive.”