Kerry Group reveals price rise – with ‘goodwill payment’ to issue next week
Kerry Group has become the latest milk processor to announce its price for December, announcing an increase for last month’s milk.
In a brief statement to AgriLand, a spokesperson for the group said: “Our Kerry Group base price for December milk supplies will increase by 1c/L to 31.5c/L including VAT.
“Based on average December milk solids, the price return inclusive of vat and bonuses is 38.6 cpl.
This was calculated based on average annual milk supply for 2015 to 2019 inclusive, the spokesperson added.
Yesterday, Glanbia revealed it will pay its member milk suppliers 31c/L including VAT for December manufacturing milk supplies at 3.6% butterfat and 3.3% protein.
Glanbia Ireland (GI) will pay a base milk price for December of 30c/L including VAT for manufacturing milk at 3.6% fat and 3.3% protein.
The board will continue to make a support payment to members of 1.c/L including VAT for December milk supplies, a spokesperson added.
Meanwhile, Lakeland Dairies announced that, in the Republic of Ireland, a base price of 31.31c/L including VAT and lactose bonus will be paid for milk supplied in December.
The base price has been increased by 1c/L, a spokesperson for the cooperative confirmed.
In Northern Ireland, a base price of 25p/L will be paid for December supplies plus the usual Out-Of-Season payment. The base price has been increased 0.5p/L.