Dairygold has today (Thursday, December 12), announced an increase in its milk price for November supplies.
The board of Dairygold increased its November milk price by 1.0c/L to 50.0c/L, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of sustainability and quality bonuses and VAT.
The November milk price equates to an average farm gate milk price of 66.8c/L, based on the average November 2024 milk solids achieved by Dairygold milk suppliers.
The quoted milk price for November, based on EU standard constituents of 3.4% protein and 4.2% butterfat, is 54.5c/L, inclusive of VAT.
“Dairy market returns remained positive through November as buying activity remained strong, with global milk supply generally flat year-on-year.
The stronger demand was driven primarily by the normal seasonal demand for both butter and cheese.
“The Dairygold board will continue to monitor markets closely and review milk price on a monthly basis,” a company spokesperson said.
Meanwhile, the board of Lakeland Dairies has yesterday (Wednesday, December 11), confirmed its November milk price at 49.6c/L, with no change from the previous month.
The base price constitutes of 3.6% butterfat and 3.3% protein, and will be paid for November milk in the Republic of Ireland (ROI).
This is inclusive of the 0.5c/L Sustainability Incentive Payment. Qualifying farmers will also receive a 3c/L out-of-season payment.