Dairygold becomes latest processor to cut milk price for October
The Dairygold board has today (Tuesday, November 18) announced that it has reduced the October 'Quoted Milk Price' by 3.25c/L to 38c/L.
This is based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of sustainability and quality payments and VAT.
The co-op said that the October milk price equates to an average October farm gate milk price of 51.1c/L, based on the average October 2025 milk solids, achieved by Dairygold milk suppliers.
The quotes October milk price, based on EU standard constituents of 3.4% protein and 4.2% butterfat, is 41.6c/L, inclusive of VAT.
Commenting on the board’s decision, Dairygold chairperson, Pat Clancy said: “Dairy market sentiment remains weak, as very strong global milk supply continues to exceed demand, with supply growth coming from all the major exporting regions.
"This ongoing imbalance between supply and demand continues to negatively impact butter, cheese and milk powder returns, which is reflected in the futures markets for the foreseeable future.
"A change in the fundamental supply and demand dynamics is necessary to alter the current market outlook.
"The Dairygold board continues to monitor markets closely and will review milk price on a monthly basis," he said.
Milk price
Other processors to announce a cut to their quotes milk price for October include Kerry Diary Ireland and Lakeland Dairies.
Yesterday (Monday November 17) Kerry Dairy Ireland confirmed that it will pay milk suppliers 41c/L for October milk supplies, including VAT, quality and sustainability bonuses.
This marks a reduction of over 3c/L when compared to the September price of 44.53c/L including VAT, which was down from 47.53c/L in August.
At EU standard constituents, of 3.4% protein and 4.20% butterfat, the October milk price is 44.84c/L, VAT inclusive.
Lakeland Dairies agreed a price of 40.25c/L at 3.6% butterfat and 3.3% protein to be paid for October milk in the Republic of Ireland, which is inclusive of the 0.5c/L sustainability incentive payment.
This is a reduction of 4c/L on the price paid in September and follows a cut of 3c/L last month.
In Northern Ireland, a price of 32.3p/L will be paid for milk supplied in October which is also inclusive of the sustainability incentive payment.
