Dairygold has become the latest processor to reveal its March milk price, with the southern cooperative opting to raise its price for last month's milk.

In a short statement this afternoon (Friday, April 16) a spokesperson for the co-op said:

"Dairygold has increased its march quoted milk price by 0.5c/L to 34.5c/L, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of bonuses and VAT.

"This milk price equates to an average March farm gate milk price of 39.1c/L based on average March milk solids, achieved by Dairygold Milk Suppliers."

The spokesperson noted that the quoted milk price for March based on EU standard constituents of 3.4% protein and 4.2% butterfat is 37.7c/L excluding the early calving bonus.

Continuing, the Dairygold representative added: "Overall global milk supply/dairy demand remains reasonably in balance.

"As is customary, the Dairygold board will continue to monitor markets closely and review milk price on a month-by-month basis," the co-op spokesperson concluded.