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Kerry Group announces increase to February milk price

March 15, 2021 11:53 am
Kerry Group has become the latest processor to reveal its February milk price, announcing its decision to lift the price for last month’s supplies.
This makes Kerry the third processor, following on from price announcements last week from Lakeland Dairies and Glanbia.
In a brief statement this morning (Monday, March 15), a spokesperson for the processor said:
Our Kerry Group base price for February milk supplies will increase by 1c/L to 33c/L including VAT at 3.30% protein and 3.60% butterfat.
This translates to 36.266c/L including VAT at EU Standard Constituents 3.40% protein and 4.20% butterfat, the spokesperson added.
“Based on Kerry’s average milk solids for February, the milk price return inclusive of VAT and bonuses is 38.32c/L,” the group representative said. ....

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New Kerry forward price scheme 'extremely encouraging' - ICMSA

March 10, 2021 1:39 pm
The new forward price scheme from Kerry Group has been lauded by the Irish Creamery Milk Suppliers’ Association (ICMSA).
Ger Quain, the association’s Dairy Committee chairperson, said the scheme is “extremely encouraging” and was a “vote of confidence” in dairy industry prospects through peak production and into quarter three (Q3).
The Kerry Agribusiness Forward Price Scheme 19 opened for online applications at 2:00pm yesterday (Tuesday, March 9) and will close at 2:00pm today.
Kerry confirmed the offer price as 34.8c/L (March to October 2021), including VAT, at 3.3% protein and 3.6% butterfat.
The maximum volume that can be applied for is 20% of a supplier’s annual contracted milk volume, suppliers have been told. ....

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