Dairygold announces milk price for October supplies
Dairygold has today (Wednesday, November 15), become the latest processor to announce its milk price for October supplies.
The processor maintained the quoted milk price for October at 33.5c/L, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of sustainability and quality bonuses and VAT.
The milk price equates to an average October farm gate milk price of 44.2c/L, based on average milk solids achieved by Dairygold milk suppliers last month.
The quoted milk price for October based on EU standard constituents of 3.4% protein and 4.2% butterfat is 36.6c/L, the processor said.
"Global milk markets have shown continued signs of stabilisation in recent weeks based on a rebalancing of supply and demand.
"The Dairygold board will continue to closely monitor markets and review milk price on a month-by-month basis," a company spokesperson said.
Earlier today, Kerry Group confirmed that its milk price for supplies in October will remain unchanged from the previous month.
The processor announced a base milk price of 32c/L, including a further 3c/L milk contract payment, inclusive of VAT for qualifying October supplies.
This represents a combined price of 35c/L, which has remained unchanged since August, Kerry Group said.
Lakeland Dairies earlier this week confirmed that it has decided to hold its milk price, offering a base price of 34c/L at constituents of 3.4% butterfat and 3.3% protein.
