Dairygold's May milk price jumps to 37.5c/l
Dairygold has increased its milk price by 2c/l to bring it to 37.5c/l for May supplies.
The Munster co-op had lagged behind many other co-ops for April milk, remaining on 35.5c/l when many other processors had increased to 36-37c/l.
Lakeland Dairies has become the latest co-op to incorporate its weather-related bonuses into its base milk price, bringing it to 37c/l for May milk.
Centenary Thurles is also on 37c/l for May milk, an increase of 1c/l on the previous month.
Kerry still leads the way on 38c/l, with most other co-ops paying between 37c/l and 38c/l. The exception to this is Wexford Creameries, which is to pay 35.5c/l, including VAT and bonuses, for May supplies, an increase of approximately 0.5c/l.
Despite the continued strength of the dairy market, ICMSA dairy chairman Pat McCormack warned that input costs were in danger of eroding the improvement in milk prices.
Mr McCormack maintained that milk prices would have to remain at consistently high levels to dilute the cost/price squeeze on farms.
"While milk prices are close to record levels at present, key input costs are also increasing year-on-year and at a faster and more consistent rate," he said. "That means that even an increasing milk price is being systematically eaten up and overtaken by input costs."