Dairygold confirms March milk price

Dairygold has increased the March Quoted Milk Price by 3.5cpl to 46.5cpl, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of bonuses and VAT.

In addition, the March Early Calving Bonus of 1.0cpl (excl. VAT) will be paid on milk supplied in March in accordance with milk quality criteria, giving a total milk price of 47.5cpl.

This milk price equates to an average March farm gate milk price of 51.5cpl, based on average March milk solids, achieved by Dairygold milk suppliers.

The Quoted Milk Price for March based on EU Standard constituents of 3.4% protein and 4.2% butterfat is 50.7cpl (excluding the March Early Calving Bonus).

A company spokesperson commented that “the weakened supply from all major milk producing regions and the increase in dairy demand has driven further strength in global dairy markets. The war in Ukraine and the uncertainty of global energy costs continues to drive the cost to produce and process milk. The 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.”