Kerry Group has today (Tuesday, April 16), become the latest processor to announce its milk price for March supplies.
The processor’s price for March milk supplies is 41.0c/L, including VAT, at 3.30% protein and 3.60% butterfat, consisting of a base price of 39c/L and a milk contract payment of 2c/L on all qualifying milk volumes.
Kerry Group’s March milk price at EU standard constituents of 3.4% protein and 4.2% butterfat is 44.96c/L, according to the processor.
Based on Kerry Group’s average milk solids for March, the milk price return inclusive of VAT and bonuses is 44.08c/L.
A Kerry Group spokesperson said: “Milk production in Europe remains under pressure due to very wet weather. This is providing support for dairy markets despite much uncertainty remaining around demand.”
March milk price
Meanwhile, the board of Lakeland Dairies decided on a price for milk supplied in March with the base price increasing for all milk supplied, as well as the introduction of input support payment.
A base price of 41.9c/L, based on 3.6% butterfat and 3.3% protein, will be paid for March milk in the Republic of Ireland (ROI). This is up 0.5c/L on February and also includes the 0.5c/L Sustainability Incentive Payment.
The processor said that a separate 1c/L Input Support Payment is being paid on top of the base price. This is the second time this year Lakeland Dairies introduced an Input Support Payment for its suppliers.
This means that the all-in base price for ROI suppliers is 42.9c/L for milk supplied in March.