Dale Farm reveals milk price for June supplies

Northern Ireland based milk processor Dale Farm has revealed its price for June milk supplies, offering an increased figure.

The processor will offer a base milk price of 24p/L, an increase on the 22.75p/L that was offered for both May and April milk supplies.

Apart from the base price figure, the usual 0.3p/L loyalty bonus will also apply.

This base price offering of 24p/L is the highest milk price offering from Dale Farm since the price for February supplies, announced in early March.

Latest GDT index

The latest Global Dairy Trade (GDT) event saw a strong boost to the index, for a fourth consecutive increase in recent auctions.

The most recent tender – event 263 – concluded on Tuesday, July 7, with the GDT Price Index up 8.3%.

Lasting two hours and 31 minutes, the event saw 174 participating bidders go head to head across 17 bidding rounds, with 109 winning bidders emerging.

A total of 25,688MT of product was sold on the day.

In a strong showing almost across the board, the big winner on the day was whole milk powder (WMP), which skyrocketed by 14%.

This was followed by more moderate, though still positive, results for butter milk powder (BMP) and skim milk powder (SMP), which recorded rises of 3.8% and 3.5% respectively.

Cheddar (Ched) and butter also performed well, with increases of 3.3% and 3% in index respectively.

Meanwhile, lactose (LAC) rose by 1.9%. Anhydrous milk fat (AMF) was the only product to record a decrease in index on the day, dropping by 0.2%.