Carbery and Dairygold have become the latest processors to announce their prices for June 2022 milk supplies.
Firstly, Carbery has increased its milk price for June by 2c/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 June of 55c/L, inclusive of VAT and 0.5c/L Somatic Cell Count (SCC) bonus.
The board of Carbery also agreed on an increase of 2c/L for June to suppliers on fixed milk price contracts.
This is in addition to its one-off payment that it made in May of 5c/L to fixed milk suppliers, based on their annual volume.
A spokesperson for Carbery confirmed that the increase in milk price and the payment to fixed milk suppliers are in response to the “continuing” strength of dairy markets, as global supply remains “muted”.
Milk price June 2022
Meanwhile, Dairygold has increased the June quoted milk price by 2.5c/L to 55.5c/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 June farm gate milk price of 60.3c/L. This is based on the average June milk solids, Dairygold milk suppliers achieved.
The Quoted Milk Price for June, based on EU Standard constituents of 3.4% Protein and 4.2% Butterfat, is 60.5c/L.
In a statement to That’s Farming, a spokesperson said:
“An increase in milk price reflects the continued strength in global milk markets and strong demand for dairy ingredients.”
“The society recognises the significant increases in input costs to suppliers in the year. We will continue to maximise the value of milk returns to address this challenge.”
“As is customary, the Dairygold board will continue to monitor markets closely and review milk prices on a month-by-month basis.”
“During this Farm Safety Week, we encourage all members and suppliers of the society to be cognisant of safe farm practices to protect themselves, their families and their employees,” the spokesperson concluded.
Read other milk price announcements.