May Milk Prices
Carbery and Dairygold have become the latest processors to announce their prices for May 2022 milk supplies.
Firstly, Dairygold has increased the May quoted milk price by 2.5cpl to 53.0cpl, based on standard constituents of 3.3% protein and 3.6% butterfat, including bonuses and VAT.
This milk price equates to an average May farm gate milk price of 57.2cpl. This is based on average May milk solids, Dairygold Milk suppliers achieved.
According to a company spokesperson, the quoted milk price for May based on EU Standard constituents of 3.4% protein and 4.2% butterfat is 57.8cpl.
In a statement to That’s Farming on Thursday, June 16th, 2022, the spokesperson noted:
“The increase in milk price reflects the ability of the society to return a strong milk price to suppliers from continued strength in milk markets.”
“This strength is driven by global demand for dairy ingredients and supply constraints in major milk-producing regions.”
“The society recognises the significant increases in input costs to suppliers this 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. We will review milk price on a month-by-month basis,” the spokesperson concluded.
Furthermore, Carbery has increased its milk price for May by 2cpl.
If the other four West Cork co-ops, Bandon, Barryroe, Drinagh and Lisavaird, replicate the decision, this will result in an average price for May of 53cpl.
This includes VAT and the 0.5cpl Somatic Cell Count (SCC) bonus.
A spokesperson for Carbery, this morning (Friday), confirmed that milk price is “increasing in line with the strong performance of dairy markets and particularly cheese”.
See more milk price updates.
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