Kerry Group lifts milk price for June

Kerry Group has become the latest milk processor to reveal its price for June supplies, announcing an increase on last month.

The group has decided to lift its price by 1c/L on the 29.5c/L paid for May milk supplies.

In a brief statement today, Wednesday, July 15, a spokesperson for Kerry Group said:

Our Kerry Group base price for June milk supplies is 30.5c/L VAT inclusive.

“Based on average June milk solids, the price return inclusive of VAT and bonuses is 33.03c/L.”

Kerry Group is the third processor to announce its price, after Glanbia and Lakeland Dairies, with all three deciding to raise their respective prices for May supplies.

Earlier prices

On Monday, July 13, Glanbia announced that it will pay its member milk suppliers 30.1c/L including VAT for June creamery milk supplies at 3.6% butterfat and 3.3% protein.

A spokesperson for the processor said that Glanbia Ireland will pay a base milk price for June of 29.68c/L including VAT for creamery milk at 3.6% fat and 3.3% protein.

This is an increase of 1.48c/L from the total payment for May supplies, which included a 0.2c/L weather-related payment, the spokesperson said.

The Glanbia base price has increased from 28c/L in May to 29.68c/L for June, an increase of 1.68c/L, it was added.

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’.

Meanwhile, last Friday, July 10, Lakeland Dairies revealed an increase of 1c/L to its figure for last month’s milk.

This means that suppliers will receive a base price of 30c/L including VAT for June milk.

Lakeland suppliers in Northern Ireland will receive an increase of 1.25p/L to their milk price, for a June figure of 24.25p/L.