The Dairygold Board has today (Tuesday, April 15) announced that its March quoted milk price has once again been maintained at 50c/L.

This price is based on standard constituents of 3.3% protein and 3.6% butterfat, including sustainability and quality bonuses, and VAT.

Today’s announcement equates to an average March farm gate milk price of 55.3c/L, based on the average March 2025 milk solids, achieved by Dairygold milk suppliers.

The quoted milk price for March, based on EU standard constituents of 3.4% protein and 4.2% butterfat, is 54.5c/L, inclusive of VAT.

In a statement, a company spokesperson said: “Dairy markets have remained generally stable, despite the ongoing, significant geopolitical risks.

"Global milk production remains relatively stable, but buyers remain cautious in advance of the EU peak milk supply, as well as the threat of tariffs”.

The Dairygold Board stated that it "continues to monitor markets closely and will review milk price on a monthly basis”.

The board of Lakeland Dairies has also decided to hold its milk price for March supplies, at a base price of 48.75c/L (at 3.6% butterfat and 3.3% protein) n the Republic of Ireland (ROI), which is inclusive of the 0.5c/L Sustainability Incentive Payment.

In Northern Ireland, a base price of 39.8p/L will be paid for milk supplied in March which is inclusive of the 0.5p/L Sustainability Incentive Payment. The base price for Northern Ireland suppliers has also been held from last month.

These prices follow an announcement by Kerry Creameries last week for a leading payment for 2024, confirming it will pay an additional 0.88c/L. According to Kerry, the total payment amounts to over to €10 million.

This figure includes VAT and is based on average milk solids supplied to the processor. The agreement followed consultation with the board of Kerry Co-op.