Dairygold confirms February milk price

Dairygold has increased the February quoted milk price by 1.5cpl to 43.0cpl, based on standard constituents of 3.3% Protein and 3.6% Butterfat, inclusive of bonuses and VAT.

In addition, the February Early Calving Bonus of 2.0cpl (excl. VAT) will be paid on milk supplied in February in accordance with Milk quality criteria.

This milk price equates to an average February farm gate milk price of 50.6cpl, based on average February milk solids, achieved by Dairygold Milk Suppliers. The Quoted Milk Price for February based on EU Standard constituents of 3.4% Protein and 4.2% Butterfat is46.9cpl (excluding the February Early Calving Bonus).

A Company spokesperson commented that “global dairy demand continues to remain strong, driven by weakened supply from all major milk producing regions. However, the war in Ukraine has led to a spike in input costs, both on farm and in processing and this situation remains under constant review. As, is customary, the Dairygold Board will continue to monitor markets closely and review milk price on a month by month basis.”

Dairygold has joined forces with its members and colleagues to raise funds for the Irish Red Cross, to support the crucial humanitarian work on the ground in Ukraine. Dairygold has pledged a corporate donation of €30,000. In addition, Dairygold members and colleagues, can make a donation, if they wish, on the following idonate page. www.idonate.ie/ dairygoldukraine.