Dairygold left its base price unchanged on the price set for November milk. / Philip Doyle
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Dairygold has bucked the December milk price cut trend laid out by other co-ops and maintained its November base milk price into December.
The board of Dairygold announced that December’s base milk price has been set at 33.01c/l ex-VAT and with 1.5c/l payable to qualifying suppliers in sustainability and quality payments.
It should be noted that while this differs slightly from the Irish Farmers Journal’s reported November price from Dairygold, the marginal difference is due to a reduction in the flat VAT rebate rate from 5.1% to 4.5% and is not the result of a co-op price difference.
“Dairy market sentiment remains very subdued, with strong global milk supply across all main exporting regions, continuing to outpace demand,” Dairygold’s chair Pat Clancy said.
“This persistent imbalance between supply and demand continues to exert downward pressure on dairy market returns, with no immediate positivity in the futures markets.
“An adjustment in the fundamental supply and demand dynamics will be necessary to alter the current market outlook and enhance sentiment.
“The Dairygold board continues to monitor markets closely and will review milk price on a monthly basis.”
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Dairygold has bucked the December milk price cut trend laid out by other co-ops and maintained its November base milk price into December.
The board of Dairygold announced that December’s base milk price has been set at 33.01c/l ex-VAT and with 1.5c/l payable to qualifying suppliers in sustainability and quality payments.
It should be noted that while this differs slightly from the Irish Farmers Journal’s reported November price from Dairygold, the marginal difference is due to a reduction in the flat VAT rebate rate from 5.1% to 4.5% and is not the result of a co-op price difference.
“Dairy market sentiment remains very subdued, with strong global milk supply across all main exporting regions, continuing to outpace demand,” Dairygold’s chair Pat Clancy said.
“This persistent imbalance between supply and demand continues to exert downward pressure on dairy market returns, with no immediate positivity in the futures markets.
“An adjustment in the fundamental supply and demand dynamics will be necessary to alter the current market outlook and enhance sentiment.
“The Dairygold board continues to monitor markets closely and will review milk price on a monthly basis.”
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