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Ireland 15.12.2023

Dairygold announces increase in milk price for November

Source: The DairyNews
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Dairygold made an official announcement Thursday, December 14, regarding a 2c/L increase in its milk price for November supplies. The revised milk price now stands at 35.5c/L, factoring in 3.3% protein and 3.6% butterfat, inclusive of sustainability and quality bonuses along with VAT.
Dairygold announces increase in milk price for November
This adjustment translates to an average farm gate milk price of 46.8c/L, considering the average November 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 stated at 38.8c/L by the processor.

The company attributes the uptick in global milk markets to a recent reevaluation of supply and demand dynamics, resulting in increased value. Despite positive indicators in future markets, a note of caution is sounded, as per a spokesperson for the company.

The Dairygold board is committed to vigilant market monitoring, undertaking a monthly review of the milk price, ensuring responsiveness to market fluctuations, as highlighted by the spokesperson.

Shifting the focus to Kerry Group, they maintain their milk price at 35c/L, inclusive of VAT, with 3.30% protein and 3.60% butterfat. This price has remained consistent since August and comprises a base price of 32c/L and a 3c/L milk contract payment, inclusive of VAT, for all qualifying milk volumes.

Considering Kerry's average milk solids for November, the comprehensive milk price return, inclusive of VAT and bonuses, is calculated at 45.9c/L.
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