Weather / Fodder Relief Payment of 1.0cpl for April announced by Dairygold

Dairygold has confirmed a Weather / Fodder Relief Payment of 1.0cpl including VAT and has maintained the April Quoted Milk Price at 40.0cpl, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of Sustainability and Quality bonuses and VAT.

The attainable Dairygold Milk Price for April Milk is 41.0cpl, including VAT, at standard constituents, including the Weather / Fodder Relief Payment.

The April Milk Price equates to an average farm gate milk price of 44.2cpl, based on the average April 2024 milk solids, achieved by Dairygold milk suppliers.

The Quoted Milk Price for April, based on EU Standard constituents of 3.4% protein and 4.2% butterfat, is 44.6cpl, including the Weather / Fodder Relief Payment, inclusive of VAT.

“The Dairygold Board recognises the significant challenges, that the continued adverse weather conditions caused for our milk suppliers through April, and therefore remained committed to paying a strong milk price for April,” a company spokesperson commented.

Dairy market returns continue to be uncertain, primarily due to the ongoing weaker demand, as global milk supply generally remains flat. The Dairygold board will continue to monitor markets closely and review milk price on a monthly basis”.