Dairygold has confirmed its milk price for February 2022 supplies.
It has increased its February quoted milk price by 1.5c/L to 43.0c/L, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of bonuses and VAT.
In addition, it will pay a February early calving bonus of 2.0c/L (excl. VAT) on milk supplied in February in accordance with milk quality criteria.
According to the processor, this equates to an average February farm gate milk price of 50.6c/L, based on average February milk solids, Dairygold milk suppliers achieved.
The quoted milk price for February based on EU Standard constituents of 3.4% protein and 4.2% butterfat is 46.9c/L (excluding the February early calving bonus).
Ukraine’s input on input costs
In a statement, a spokesperson for Dairygold said:
“Global dairy demand continues to remain strong, driven by weakened supply from all major milk-producing regions.”
“However, the war in Ukraine has led to a spike in input costs, both on-farm and in processing. This situation remains under constant review.”
“As is customary, the Dairygold board will continue to monitor markets closely and review milk price on a month by month basis,” the spokesperson concluded.
In other news, the processor has partnered with its members and colleagues to raise funds for the Irish Red Cross.
The aim is to support the crucial humanitarian work in Ukraine. Dairygold has pledged a corporate donation of €30,000.
In addition, Dairygold members and colleagues can donate, if they wish, on the following idonate page.
Kerry Group’s milk price
Meanwhile, Kerry Group has increased its base price for February milk supplies to 43 c/L incl VAT at 3.30% Prot/3.60% Bfat and 47.14c/l (including VAT) at EU standard constituents: 3.40% prot/4.20% butterfat.”
Based on Kerry’s average milk solids for February, the milk price return inclusive of VAT and bonuses is 48.56 c/L.