The Dairygold board today (Tuesday, September 17) announced that it has increased its August quoted milk price by 1.25c/L to 45.75c/L.
The price is based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of sustainability and quality bonuses and VAT.
According to the processor, the August milk price equates to an average farm gate milk price of 53.5c/L, based on the average August 2024 milk solids, achieved by Dairygold milk suppliers.
The quoted milk price for August, based on EU Standard constituents of 3.4% Protein and 4.2% Butterfat, is 49.9c/L, inclusive of VAT.
“Dairy market returns continue to be positive, with market prices improving, as buying activity increases and as global supply, remains constrained.
“The Dairygold board will continue to monitor markets closely and review milk price on a monthly basis,” a company spokesperson said.
Earlier this month, Dairygold launched its Milk Supplier Census 2025–2030 to capture the milk production ambitions of its milk suppliers over the next six years.
According to the co-op, the valuable insights provided by Dairygold’s milk suppliers through this census will inform how they and the society “can work in partnership to deliver a long-term sustainable future for farming”.
“Since our last census in 2020, the dairy market and policy landscape in which we operate has changed significantly,” Seán O’Brien, Dairygold chairperson, said.
All Dairygold milk suppliers will receive a copy of the census and can fill it out in paper form, online or over the phone with a member of the Dairygold team.
The census must be returned by Friday, October 4, so that results can be used to inform planning and budgeting for 2025.