Kerry Group has become the latest processor to announce its milk price for March supplies – continuing the trend in announcing a price increase.
Kerry is the third processor to reveal its milk price this week, following Glanbia and Lakeland Dairies.
In a statement on the matter today (Wednesday, April 14), a spokesperson for the group said:
“Our Kerry Group base price for March milk supplies will increase by 1c/L to 34c/L including VAT at 3.30% protein and 3.60% butterfat.
This, the spokesperson added, converts to 37.35c/L including VAT at EU standard constituents of 3.40% protein and 4.20% butterfat.
“Based on Kerry’s average milk solids for March, the milk price return inclusive of VAT and bonuses is 37.40c/L,” the spokesperson concluded.
Earlier processor prices
Yesterday, Lakeland Dairies revealed that, in the Republic of Ireland, a base price of 34.34c/L including VAT and lactose will be paid for milk supplied in March.
This is an increase of 1c/L on February. In addition, a special unconditional Lakeland Bonus of 1c/L plus VAT will also be paid on all March milk .
In Northern Ireland, a base price of 28p/L will be paid for March milk. This is an increase of 0.75p/L on February.
In addition, a special unconditional Lakeland Bonus of 1p/L will also be paid for all March milk.
Meanwhile, Glanbia said on Monday that it “will pay its member milk suppliers 34.6c/L including VAT for March creamery milk supplies at 3.6% butterfat and 3.3% protein”.
“Glanbia Ireland (GI) will pay a base milk price for March of 34.18c/L including VAT for creamery milk at 3.6% fat and 3.3% protein.
This is an increase of 1.5c/L including VAT from the February base price.
Farmer members will also receive a 0.42c/L including VAT payment from Glanbia Co-op on all milk supplied this month as their ‘Share of GI Profit’.