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milk price

Markets indicate valid increase in milk price

Market returns on Irish dairy products indicates scope for a valid increase in the price paid for July milk, according to Irish Farmers Association (IFA) Dairy Chairman Stephen Arthur. “The Ornua PPI showed further increases in July, which points to a continued demand for Irish dairy produce. Processors in Denmark and the Netherlands, among others, have already increased their August milk price; Irish processors have to follow suit,” he said.…

Base May milk price could be 53cpl

A base milk price of 53 cents per litre is fully justified for May milk, according to Noel Murphy, chairperson of ICMSA’s Dairy Committee. He said that co-op boards should be considering this as the minimum when they meet next week to set last month’s milk price. The most recent Dutch dairy quotations show that the market has not only steadied but is actually moving upwards again. Murphy said that…

Dairygold confirms an increase in March milk supplies

Milk suppliers are expected to receive an increase in the price paid for supplies in March, this was the announcement made by Dairygold. The company has increased the March quoted milk price by 3.5c/L to 46.5c/L, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of bonuses and VAT. Dairygold has also outlined that the March 2023 early-calving bonus of 1c/L (excluding VAT) will be paid on…

Kerry Group, Dairygold hike up February milk price

Kerry Group yesterday, 15 March 2022, confirmed a milk price of 43c/L (inclusive of VAT) at 3.3% protein and 3.6% butterfat, making this an increase on its February milk price. The price paid for January supplies was 41c/L (inclusive of VAT) for milk with constituents of 3.3% protein and 3.6% butterfat. The processor said that at European standard constituents of 3.4% protein and 4.2% butterfat, this price is 47.14c/L, inclusive of…