Dairygold announces milk price and bonus for January

Dairygold has become the latest processor to reveal its milk price for January supplies, announcing a held price for last month’s milk, with bonuses also to be paid.

The southern co-op revealed its price following a meeting of the board earlier today (Tuesday, February 16).

Dairygold said it has maintained its January quoted milk price at 32.311c/L, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of bonuses and VAT.

In addition, the January Early Calving Bonus of 3.0c/L including VAT will be paid on milk supplied in January in accordance with milk quality criteria.

This milk price equates to an average January farm gate milk price of 41.2c/L based on average January milk solids, achieved by Dairygold suppliers, the processor claims.

The quoted milk price for January based on EU Standard constituents of 3.4% protein and 4.2% butterfat is 35.353c/L, the co-op added.

In a brief comment, a spokesperson for Dairygold said:

Dairy markets remain relatively stable, with global milk supply and dairy demand remaining generally balanced not withstanding that Covid-19 restrictions has meant that the food service sales channel across all key markets remains at a complete standstill.

“As is customary, the Dairygold board will continue to monitor markets closely and review milk price on a month by month basis,” the representative concluded.