Kerry Group sets milk price for December supplies
Kerry Group has become the latest processor to set its milk price for supplies in the month of December.
The group announced a base price of 31.56c/L for last month’s milk supplies. This figure includes VAT.
Kerry Group said in a brief statement this morning (Friday, January 15) that “based on average December solids, the milk return inclusive of VAT and bonuses is 39.343c/L”.
Glanbia revealed its price on Tuesday of this week, deciding to pay its member milk suppliers 33.5c/L including VAT for December creamery milk supplies at 3.6% butterfat and 3.3% protein.
The Glanbia price includes a Late Supply Bonus (LSB) of 2c/L including VAT that will be paid on all high-quality creamery milk supplied in December, while farmer members will receive a 0.42c/L (including VAT) payment from Glanbia Co-op on all milk supplied this month as their ‘Share of GI Profit’.
Then on Wednesday, Lakeland issued its price for December, deciding to hold its price.
In the Republic of Ireland, a base price of 32.28c/L including VAT and lactose bonus will be paid for milk supplied to Lakeland in December. This is the same base price as November.
The normal out-of-season bonus applies for December.
In Northern Ireland, Lakeland will pay a base price of 26.55p/L for December milk. Again, this is the same base price as November.