Farming

Dairygold reports double-digit sales and profit growth after record year for dairy prices

The Cork-based farmer co-op recorded double-digit sales and profit growth last year on the back of record international prices for dairy commodities

Dairygold collected almost 1.5 billion litres of milk from its 2,800 farmer suppliers in 2022

Dairygold, the Cork-based dairy processor, recorded double-digit sales and profit growth in 2022 after an “unprecedented” and “extraordinary” year for dairy market prices.

Announcing full year results on Wednesday, the farmer-owned co-op said it achieved record sales for 2022 as international dairy commodity prices soared to all-time highs throughout the year.

Dairygold posted an operating profit of just over €40.1 million for its 2022 financial year, which was up 32 per cent on the previous ...