THE board of Dairygold has said it will maintain the February quoted milk price at 36c a litre.

This is based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of sustainability and quality payments and Vat.

Dairygold has also held the January quoted milk price at 36c/L.

The board said last Friday that its Early Calving Payment for February is 5.2c/L, including Vat, which will be paid on milk supplied in the month at standard constituents and in accordance with Milk Quality Criteria.

‘This increases the attainable Dairygold Milk Price to 41.2c/L at standard constituents,’ the board said.

According to the co-op the February milk price equates to an average farm gate milk price of 48.7c/L for the month, based on the average milk solids, achieved by the board’s suppliers.

Dairygold chairperson, Pat Clancy said: ‘Dairy markets have shown some signs of improvement in recent weeks. Global milk supply remains strong across all major exporting regions. However geopolitical instability caused by the expanded conflict in the Middle East is expected to impact both trade and demand.’