Dairygold has confirmed its November milk price.
It has increased its quoted milk price by 2c/litre to 35.5c/litre, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of sustainability and quality bonuses and Vat.
The November milk price equates to an average November farm gate milk price of 46.8c/litre, based on average November milk solids achieved by Dairygold suppliers.
The quoted milk price for November based on EU standard constituents of 3.4% protein and 4.2% butterfat is 38.8c/litre.
A company spokesperson commented that “global milk markets have started to return increased value in recent weeks as supply and demand have rebalanced”.
“Future markets are also positive but sentiment remains cautious. The Dairygold board will continue to closely monitor markets and review milk price on a month-by-month basis,” the spokesperson added.
Kerry Group has held its milk price for November milk supplies at 35c/litre, consisting of a base price of 32c/litre and a milk contract payment of 3c/litre on all qualifying milk volumes.
The November milk price at EU standard constituents is 38.4c/litre.
Based on Kerry’s average milk solids for November, the milk price return inclusive of VAT and bonuses is 45.9c/litre.
A Kerry spokesperson said that sentiment with regard to dairy commodities “remains tentatively positive for 2024 as a turbulent 2023 comes to a close”.
“The questions around the robustness of the market fundamentals underpinning that positivity still remain and underscore the evident uncertainty,” the spokesperson said.
