Kerry announces milk price drop for April
Kerry Group has become the latest processor to announce its milk price, revealing a reduced figure for April supplies.
A spokeperson for the group said: “The Kerry base milk price is 30c/L VAT inclusive.
In line with our Kerry Group contract commitment, we are paying an additional 1c/L on all milk supplied in April, excluding milk supplied under fixed-price contract.
Suppliers will therefore receive 31c/L including VAT for April milk.
So far, both Glanbia and Lakeland Dairies have revealed their milk prices for April supplies.
Glanbia has announced a price cut of 1c/L to its base price and a reduced support payment.
Based on current market returns, Glanbia Ireland (GI) will pay a base milk price for April of 29c/L including VAT for manufacturing milk based on the same solids.
In addition, Glanbia Co-op will make a support payment to members of 2c/L including VAT, for April manufacturing milk at 3.6% fat and 3.3% protein.
Global market conditions remain challenging. While there has been some improvement in skim markets, this is from a record low base and butter returns are carrying milk prices, according to the processor.
