Aurivo and Dairygold announce cut to April milk price
Both Aurivo and Dairygold have revealed what prices they will pay their suppliers for April milk supplies.
Aurivo has announced a cut of 1.52c/L to its base milk price for April supplies compared to last month, along with the withdrawal of its 1.48c/L early calving payment. This has been offset somewhat by a new seasonality payment of 0.5c/L, however.
The board of Aurivo Co-op today agreed to pay a milk price of 30.5c/L including VAT for April manufacturing milk (28.94c/L excluding VAT).
This price is made up of a base price of 30c/L and the 0.5c/L seasonality payment, on the month’s manufacturing milk.
The Aurivo board has decided to continue to support the milk price paid to suppliers above actual market returns for the month of April, the co-op said.
The average price paid to Aurivo suppliers in April will be 32.42c/L including VAT (30.76c/L excluding VAT) based on the average co-op solids.
Meanwhile, Dairygold has announced it will pay its milk suppliers 31c/L inclusive of 0.5c/L quality bonus and VAT, based on standard constituents of 3.3% protein and 3.6% butterfat (for April deliveries).
This is a reduction of 1.0c/L on March base milk price.
Dairygold chairman John O’Gorman stated: “While milk price corrections are regrettable, Dairygold is continuing to monitor market returns on a monthly basis.
Dairygold is fully focused on supporting its members and testament to this was how we assisted circa 1,250 members who availed of over 7,000t of sourced/imported fodder during the recent fodder shortage”
Yesterday, Kerry Group also announced a reduced milk price, offering suppliers 30c/L VAT inclusive.
However, a spokesperson for the processor said: “In line with our Kerry Group contract commitment, we are paying an additional 1c/L on all milk supplied in April, excluding milk supplied under fixed-price contract.”
Suppliers will therefore receive 31c/L including VAT for the month’s milk.