Dairygold holds milk price for December supplies

Earlier today, January 16, Dairygold announced that it would be holding its milk price for December supplies.

It was confirmed that the Dairygold board decided to hold the price the co-operative paid for milk supplied in the month of December at 36c/L including a 0.5c/L quality bonus and VAT.

This is the fourth consecutive month that Dairygold has held its milk price; a decision mirrored by Kerry, which also decided to hold its milk price for the fourth month in a row.

This means that Kerry suppliers will receive a base milk price of 36c/L including VAT for milk produced in the last month of 2017.

Its decision to hold its milk price follows similar calls made by Glanbia and Lakeland Dairies.

Last week, suppliers of Lakeland Dairies learnt that they will receive a base price of 36.5c/L including VAT and including a 1c/L butter bonus for December supplies.

Meanwhile, Glanbia Ireland decided to hold its milk price at 35c/L including VAT. As well as this, it confirmed that its suppliers will receive a 1.1c/L bonus on all milk produced between July and December 2017.

Other processors are expected to announce their December milk prices in the coming days.

Drop in Ornua PPI

Earlier this month, it was revealed that Ornua’s Purchase Price Index (PPI) for December had fallen further – dropping from November’s figure of 115.0 down to 111.3.

Following on from the decrease published in December – which brought to an end six consecutive monthly increases in 2017 – the figure is down to just above last August’s levels, which had an index of 111.

In spite of the decrease, the current PPI still compares favourably to recent years since September 2014.