Two processors Dairygold and the Carbery Group have both announced they will hold their milk prices in December.
Dairygold said the dairy markets remain relatively stable, following the positive outcome of the EU/UK Trade Deal.
A Dairygold spokesperson for the southern cooperative confirmed: “Dairygold has maintained its December quoted milk price unchanged at 32.311 c/L (VAT Adjusted 5.6% vs. 5.4%) based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of bonuses and VAT.”
“This equates to an average December farm gate milk price of 40.3c/L based on average the society’s average December milk solids,” added Dairygold.
“Global milk supply and dairy demand remain in fine balance. As is customary, the board will continue to review milk price on a month by month basis,” the cooperative representative concluded
In addition, Dairygold announced a three-year fixed milk price scheme at 32.25c/L at 3.30% protein and 3.60% butterfat, including VAT, BSC and Sustainability Bonus
This price equates to 36.73c/L based on the society’s average 2020 milk solids.
Meanwhile, the west Cork Carbery Group has also maintained its price for December milk – as well as a bonus payment on all milk supplied in 2020.
A Carbery spokesperson said: “The price is inclusive of 1c/L in support which continues to be paid from the Carbery Stability Fund. The price is exclusive of Somatic Cell Count (SCC) or any other adjustments which may be made by the co-ops.”
“The board is pleased to confirm their decision to also pay a 0.5cpl bonus for all milk supplied in 2020.
LSL News.