Dairygold latest co-op to drop milk price

Dairygold yesterday followed the example of other milk processors and reduced the price it will pay suppliers for June milk.

It decided at a board meeting to set a price of 27c per litre, including Vat, a reduction of 1c a litre on the previous month.

It said international dairy markets remain turbulent and the latest Global Dairy Trade auction (GDT) this week fell a massive 10.7%.