Outlook for market returns 'still uncertain' as Dairygold confirms reduced milk price

Dairy market prices have continued to weaken due to increased global milk supplies and reduced demand driven by inflationary pressures. 

Dairygold has confirmed a cut to its milk price for February supplies.

It has reduced its price paid to farmers by 6c per litre to 46c per litre, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of sustainability and quality bonuses and Vat.