Dairygold has become the latest processor to reveal its March milk price, with the southern cooperative opting to raise its price for last month’s milk.

In a short statement this afternoon (Friday, April 16) a spokesperson for the co-op said:

“Dairygold has increased its march quoted milk price by 0.5c/L to 34.5c/L, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of bonuses and VAT.

“In addition, the March Early Calving Bonus of 1.0c/L will be paid on milk supplied in March in accordance with milk quality criteria.

“This milk price equates to an average March farm gate milk price of 39.1c/L based on average March milk solids, achieved by Dairygold Milk Suppliers.”

The spokesperson noted that the quoted milk price for March based on EU standard constituents of 3.4% protein and 4.2% butterfat is 37.7c/L excluding the early calving bonus.

Continuing, the Dairygold representative added: “Overall global milk supply/dairy demand remains reasonably in balance.

“Some dairy commodities such as butter, have experienced fluctuation in prices over the past few weeks but in an overall context dairy markets are reasonably stable as we head into peak milk production.

“As is customary, the Dairygold board will continue to monitor markets closely and review milk price on a month-by-month basis,” the co-op spokesperson concluded.