A group of 'concerned' Dairygold shareholders will hold a meeting tonight (Wednesday, June 25) following a cut to milk price for May.

On the agenda for the meeting to be held in the Firgrove Hotel in Mitchelstown, Co. Cork, is milk price, along with Dairygold's "representative structure", according to the group.

The Dairygold milk supply agreement will also be discussed, and "what lessons can be learned" from the Munster Dairy Producer Organisation.

The Concerned Dairygold Shareholders Committee has organised the meeting. These committee members were selected following a meeting in Mitchelstown in January.

In a previous statement, the committee claimed that Dairygold farmers "felt that their work was being devalued by the poor [milk] price paid in 2024".

This meeting comes as Dairygold confirmed recently that it has reduced its quoted milk price by 1c/L to 49c/L for May supplies, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of sustainability and quality payments, and VAT.

The May milk price equates to an average May farm gate milk price of 53.4c/L, based on the average May 2025 milk solids achieved by Dairygold suppliers.

A company spokesperson said that while dairy commodity prices "remain relatively robust, the global supply and demand balance for certain products has weakened".

"Supply is projected to increase and demand in some sectors is challenged, negatively impacting returns," the spokesperson said.

"Additionally, geopolitical concerns and Trump tariffs pose significant challenges for buyers navigating an uncertain environment.

"The board continues to monitor markets closely and will review milk price on a monthly basis."