Dairygold announces June milk price boost

Dairygold has become the latest processor to reveal its milk price for June, revealing an increased milk price for last month’s milk.

The price was announced this afternoon, Friday, July 17, following a meeting of the board of the cooperative.

The southern co-op revealed its decision to increase its May milk price by 1c/L.

This will see a price paid to farmers of 30.19c/L including 0.65c/L in quality and sustainability bonuses and VAT, based on standard constituents of 3.3% protein and 3.6% butterfat.

The Dairygold figure is the latest price announced for June, following on from similar announcements from Lakeland Dairies, Glanbia and Kerry Group, all of whom also revealed raised prices.

Earlier Prices

On Wednesday, July 15, Kerry announced its decision to lift its price by 1c/L on the 29.5c/L paid for May milk supplies.

In a brief statement, a spokesperson for Kerry Group said:

Our Kerry Group base price for June milk supplies is 30.5c/L VAT inclusive.

“Based on average June milk solids, the price return inclusive of VAT and bonuses is 33.03c/L.”

On Monday, July 13, Glanbia announced that it will pay its member milk suppliers 30.1c/L including VAT for June creamery milk supplies at 3.6% butterfat and 3.3% protein.

A spokesperson for the processor said that Glanbia Ireland will pay a base milk price for June of 29.68c/L including VAT for creamery milk at 3.6% fat and 3.3% protein.

This is an increase of 1.48c/L from the total payment for May supplies, which included a 0.2c/L weather-related payment, the spokesperson said.

The Glanbia base price has increased from 28c/L in May to 29.68c/L for June, an increase of 1.68c/L, it was added.

Farmer members will also receive a 0.42c/L including VAT payment from Glanbia Co-op on all milk supplied this month as their ‘Share of GI Profit’.

Meanwhile, last Friday, July 10, Lakeland Dairies revealed an increase of 1c/L to its figure for last month’s milk.

This means that suppliers will receive a base price of 30c/L including VAT for June milk.

Lakeland suppliers in Northern Ireland will receive an increase of 1.25p/L to their milk price, for a June figure of 24.25p/L.

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