Dairygold finalises cereal prices for 2024 harvest
Dairygold has finalised its cereal prices for the 2024 harvest, and has said its growers provided excellent quality grain despite challenging conditions.
As this year’s harvest nears completion, Dairygold has received over 100,000t of cereals from its growers, who delivered this quantity, against "a backdrop of particularly challenging weather conditions when planting, a difficult growing season, and an equally challenging harvest".
Globally, grain market prices have fluctuated throughout 2024, the business said.
The prices confirmed by Dairygold are outlined below:
| Product | Price/t (excl. VAT) | Price/t (incl. VAT at 4.8%) | Moisture |
|---|---|---|---|
| Barley | €208* | €217.98 | 20% |
| Wheat | €218* | €228.46 | 20% |
| Oats | €202* | €211.70 | 20% |
| Contract malting barley | €258* | €270.38 | 20% |
| Contract beans | €255 | €267.24 | 20% |
| Non-contract beans | €240 | €251.52 | 20% |
| Oilseed rape | €450 | €471.60 | 9% |
Dairygold said it is committed to maximising the use of native Irish cereals across its range of feeds and continues to explore opportunities to include more native grains in formulations.
"The inclusion of locally sourced, high quality, sustainably-produced cereals are a key part of the equation to deliver the highest quality feeds to our customers," the business said.
2024 saw a strong supply of beans from Dairygold growers, after the business offered a minimum contract price earlier in the year.
Dairygold said it continues to grow its percentage of premium grain products through its contracts for the brewing, distilling and feed sectors, adding that these initiatives offer security for the long-term sustainability of the tillage sector.
The business also offered additional extended credit supports to growers mid-season.
Liam O'Flaherty, Dairygold's agri-business general manager, said: "Despite the difficult conditions, the 2024 harvest was successfully completed, and we commend all of our growers for providing the highest-quality grain to Dairygold. Quality Irish cereals play a crucial role in our feed rations."
Dairygold chairperson Seán O'Brien commented: "Tillage growers play a significant role in the success of the Dairygold business. We are committed to supporting and advancing this sector of our business into the future to ensure that success continues.
"The recent announcement of our plan to invest in the Malting Company of Ireland demonstrates this commitment, and will further enhance our level of value added contracts that Dairygold can offer, increasing malting barley requirements by approximately 12,500t per annum, once the expansion is complete," O'Brien added.
The Malting Company of Ireland is a 50:50 joint venture between Dairygold and Tirlán.
