The co-ops base milk price for March inclusive of sustainability and quality payments is 35.41c/l ex-VAT, based on standard constituents. / Donal O' Leary
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Dairygold has increased the base milk price for the month of March by 0.96c/l, excluding VAT, as the co-op confirmed that February’s early calving payment of 4.98c/l ex-VAT will be paid out on last month’s milk.
The co-op's base milk price for March inclusive of sustainability and quality payments is 35.41c/l ex-VAT, based on standard constituents.
This takes to 38.85c/l ex-VAT the attainable Dairygold milk price at standard constituents of 3.4% protein and 4.2% fat.
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Dairygold has said that based on the average milk solids achieved by its milk suppliers, a price of 40.48c/l would be received for milk supplied in March.
Balanced
Dairygold chair Pat Clancy commented on the decision: “Overall market fundamentals remain finely balanced amid ongoing geopolitical uncertainty and elevated global milk supply.
“There has been a recent positive uplift for protein, which has counterbalanced relatively weaker butterfat pricing.
“Dairygold remains focused on maximising returns to its milk suppliers, amid ongoing inflation and cost pressures on farm.
“[The] Dairygold board will continue to monitor markets closely and review milk price on a monthly basis,” he said.
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Dairygold has increased the base milk price for the month of March by 0.96c/l, excluding VAT, as the co-op confirmed that February’s early calving payment of 4.98c/l ex-VAT will be paid out on last month’s milk.
The co-op's base milk price for March inclusive of sustainability and quality payments is 35.41c/l ex-VAT, based on standard constituents.
This takes to 38.85c/l ex-VAT the attainable Dairygold milk price at standard constituents of 3.4% protein and 4.2% fat.
Dairygold has said that based on the average milk solids achieved by its milk suppliers, a price of 40.48c/l would be received for milk supplied in March.
Balanced
Dairygold chair Pat Clancy commented on the decision: “Overall market fundamentals remain finely balanced amid ongoing geopolitical uncertainty and elevated global milk supply.
“There has been a recent positive uplift for protein, which has counterbalanced relatively weaker butterfat pricing.
“Dairygold remains focused on maximising returns to its milk suppliers, amid ongoing inflation and cost pressures on farm.
“[The] Dairygold board will continue to monitor markets closely and review milk price on a monthly basis,” he said.
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