Farm Ireland

Sunday 22 April 2018

Dairygold extend contract date

Caitriona Murphy

Caitriona Murphy

DAIRYGOLD has announced that the special general meeting (SGM), called for by Dairygold Milk Suppliers and Shareholders Group, will take place on Thursday, April 11.

The SGM will take place on the same day as the co-op's annual general meeting, but the location for both meetings will not be confirmed until later this week.

The co-op has also pushed back the closing date for receipt of signed Milk Supply Agreements to allow time for the convening of the AGM and SGM.

Farmers now have until April 30 to sign the document, which is at the centre of the dispute between the co-op and two groups of farmers, the Dairygold Milk Suppliers and Shareholders Group and the Concerned Dairygold Action Group. Around 80pc of Dairygold supplies have already signed the milk supply agreement, according to the co-op.

Meanwhile, the board of Dairygold is to meet this week to decide on its February milk price after milk prices were held by the majority of co-ops at 33c/l.

Following the lead taken by Glanbia last week, most co-ops are on a price of 33c/l including VAT. Kerry, Tipperary and Centenary Thurles remain on an unchanged 33c/l VAT inclusive.

However, Arrabawn, Connacht Gold and Lakeland are ahead of the main bunch. Connacht Gold is on a total price of 33.5c/l, courtesy of an early calving bonus of 1.5/l for February, on top of its base milk price of 32c/l. Arrabawn moved up 1c/l to 33.57c/l including VAT. Lakeland remains on an unchanged 33.28c/l including VAT for February.

Wexford increased its price from 30.39c/l to 30.92c/l including VAT for February, while the west Cork co-ops are due to meet on milk price this week.

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In further dairy news, farmers who took part in the Dairy Efficiency Programme (DEP) will receive a welcome boost of around €1,000 each this week.

Announcing the €5m in payments, Minister for Agriculture Simon Coveney said payments would continue to issue to other participants as their applications were fully processed.

The three-year DEP scheme is now finished and is being replaced by a one-year Development Programme for Dairying (DPD).

Irish Independent