Dairygold holds December price and unveils new fixed milk price scheme

Dairygold has become the latest processor to reveal its December milk price, and has also unveiled a new fixed milk price scheme for its suppliers.

In a statement this evening (Monday, January 18), a spokesperson for the southern cooperative said:

Dairygold has maintained its December quoted milk price unchanged at 32.311c/L (VAT Adjusted 5.6% vs. 5.4%), based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of bonuses and VAT.

“This equates to an average December farm gate milk price of 40.3c/L based on average December milk solids, achieved by our suppliers, for all milk supplied to Dairygold,” the spokesperson said.

“Dairy markets remain relatively stable, following the positive outcome of the EU/UK Trade Deal.

“Global milk supply and dairy demand remain in fine balance. As is customary, the board will continue to review milk price on a month by month basis,” the cooperative representative concluded.

Meanwhile, the Dairygold Board has approved a three-year fixed milk price scheme, at 32.25c/L at 3.30% protein and 3.60% butterfat, including VAT, BSC and Sustainability Bonus.

This price equates to 36.73c/L based on the society’s average 2020 milk solids, the co-op says.

In other news, Dairygold revealed that John O’Gorman and Patrick Clancy were re-elected to the positions of Dairygold chairman and Dairygold vice chairman, respectively, in recent elections.

The results of the elections were announced last Tuesday, January 12. Clancy was first appointed to the role of vice chairman in an election back in October.