Dairygold cuts price for milk by 2c

DAIRYGOLD Co-op decided at a meeting yesterday to cut the price it pays farmers for milk by two cent a gallon for May supplies.

It described the price reduction as “commercially unavoidable” considering the drop in returns from the market.

As the EU reductions in milk price support bite deeper on dairy incomes, Dairygold said it, too, has been forced to follow fellow processors, who earlier in the year announced milk price reductions, in response to falling market returns.