Carbery April Milk Price
Carbery has become the latest processor to increase its milk price for April 2022 supplies.
Its announcement on Wednesday, May 18th, 2022, to raise its milk price by 3c/L follows the previous month’s 4c/L hike.
In a statement to That’s Farming, a spokesperson for the processor said:
“Carbery has increased its milk price for April by 3c/L. If this decision is replicated across the four West Cork Co-ops; Bandon, Barryroe, Drinagh and Lisavaird, this will result in an average price for April of 50.9cpl, inclusive of VAT and 0.5cpl Somatic Cell Count (SCC) bonus.”
“Milk price is increasing in line with the strong performance of dairy markets and particularly cheese,” the spokesperson concluded.
Dairygold
Its announcement follows Dairygold’s on Tuesday, May 17th, 2022, as That’s Farming also reported.
Dairygold has increased the April quoted milk price by 4.0c/L. This brings its price to 50.5c/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 April farm gate milk price of 54.6cpl, based on the average April milk solids, Dairygold milk suppliers achieved.
Therefore, the quoted milk price for April based on EU Standard constituents of 3.4% protein and 4.2% butterfat is 55.1c/L.
In a statement to That’s Farming, a spokesperson for the processor said:
“Continued weak global supply and sustained demand for dairy ingredients have meant that markets have remained firm.”
“This increase in milk price reflects strong dairy markets but also recognises the significant increase in input costs for milk suppliers since the beginning of the year.”
“As is customary, the Dairygold board will continue to monitor markets closely and review milk price on a month-by-month basis.”
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