Dale Farm reveals milk price for June supplies

Northern Ireland-based milk processor Dale Farm has revealed it price for June milk supplies, offering an increased figure.

The processor will offer a base milk price of 24p/L, an increase on the 22.75p/L that was offered for both May and April milk supplies.

Apart from the base price figure, the usual 0.3p/L loyalty bonus will also apply.

This base price offering of 24p/L is the highest milk price offering from Dale Farm since the price for February supplies, announced in early March.

Latest GDT index

The latest Global Dairy Trade (GDT) event saw a strong boost to the index, for a fourth consecutive increase in recent auctions.

The most recent tender – event 263 – concluded on Tuesday, July 7, with the GDT Price Index up 8.3%.

Lasting two hours and 31 minutes, the event saw 174 participating bidders go head to head across 17 bidding rounds, with 109 winning bidders emerging.

A total of 25,688MT of product was sold on the day.

In a strong showing almost across the board, the big winner on the day was whole milk powder (WMP), which skyrocketed by 14%.

This was followed by more moderate, though still positive, results for butter milk powder (BMP) and skim milk powder (SMP), which recorded rises of 3.8% and 3.5% respectively.

Cheddar (Ched) and butter also performed well, with increases of 3.3% and 3% in index respectively.

Meanwhile, lactose (LAC) rose by 1.9%. Anhydrous milk fat (AMF) was the only product to record a decrease in index on the day, dropping by 0.2%.