Dairygold confirms April milk price

Dairygold has increased the April quoted milk price by 4.0cpl to 50.5cpl, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of bonuses and VAT.

This milk price equates to an average April farm gate milk price of 54.6cpl, based on average April milk solids, achieved by Dairygold milk suppliers.

The quoted milk price for April based on EU Standard constituents of 3.4% protein and 4.2% butterfat is 55.1cpl.

A company spokesperson commented that: “continued weak global supply and sustained demand for dairy ingredients has meant that markets have remained firm. This increase in milk price reflects strong dairy markets but also recognises the significant increase in input costs for milk suppliers since the beginning of the year. As is customary, the Dairygold Board will continue to monitor markets closely and review milk price on a month by month basis.”