Kerry Group has become the latest processor to announces its milk price for supplies in the month of November.
The processor has announced an increase of 0.5c/L on last month’s price, offering 31.5c/L including VAT for last month’s milk.
This compares to a figure for October supplies of 31c/L.
A spokesperson for Kerry Group said today (Monday, December 14): “Based on average milk solids, the price return, including VAT and bonuses, is 40.568c/L.”
Other processors
Last week, both Glanbia and Lakeland announced their prices for November milk supplies.
On Wednesday (December 9), Glanbia became the first processor to set its milk price, revealing a biodiversity payment which will be paid this month.
Glanbia will pay its member milk suppliers 31.5c/L including VAT for November creamery milk supplies at 3.6% butterfat and 3.3% protein.
This is based on a base price of 30.18c/L including VAT for last month’s milk, unchanged from the previous month.
This additional payment means the overall payment will rise 0.5c/L for November, Glanbia said.
On Friday (December 11), Lakeland followed with its price, announcing a special bonus for last month’s milk.
In the Republic of Ireland, an unchanged base price of 32.28c/L including VAT and lactose will be paid for milk supplied in November.
A normal out-of-season bonus applies for November. A special bonus of 1c/L plus VAT will also be paid for November milk, the co-op said.
In Northern Ireland, Lakeland will pay a base price of 26.55p/L for November milk. This is the same base price as October. A normal out-of-season bonus of 3p/L applies for November milk, while a special bonus of 1p/L will also apply.