Kerry Group follows Carbery, cuts milk price for November

Kerry Group has cut its milk price for November supplies of milk by 1c/L.

The group will pay its members 25c/L for November milk, including VAT.

It follows Carbery with a 1c/L cut. Carbery will pay its members 26.9c/L for supplies of November milk.

Glanbia is to hold the price it pays member suppliers for November milk at 25c/L, including VAT.

Glanbia Ingredients Ireland (GII) has set a November market price of 24c/L, including VAT, for manufacturing milk at 3.6% fat and 3.3% protein.

The Board of Glanbia Co-operative Society has decided to pay members who have signed a Milk Supply Agreement a bonus of 1c/L, including VAT, for November manufacturing and liquid milk supplies.

A statement from Glanbia Co-operative Society said that the co-op has made very significant support payments to members this year: March (1c/L); April (2c/L); May (3c/L); June (1c/L), July (1.5c/L), August (1c/L), September (1c/L) and October (1c/L).

Lakeland Dairies has held its milk price for November at 26.25c/L.

It was the first co-op to set its milk price for November. This is the third consecutive month that Lakeland Dairies has held its milk price.

The Board of Lakeland Dairies recently decided to open the share register for two months from December 1, 2015 to January 31, 2015.

It says this will give Lakeland milk suppliers who are not shareholders an opportunity to become shareholders of the co-operative.

Also, it says existing milk supplier shareholders will have an opportunity to share up to the required formula if they so wish.