Written by Agriland Team
Kerry Group has become the latest processor to reveal its milk price for October supplies, revealing an unchanged figure from last month.
In a statement on the matter today, Thursday, November 14, a spokesperson for the group said that the Kerry Group base price for October milk supplies remains unchanged at 29.5c/L including VAT.
“Based on average October milk solids, the price return inclusive of VAT and bonuses is 37.5c/L,” the representative added.
Other processors
Yesterday, Lakeland Dairies announced that it has decided to increase its milk price from 30.03c/L including VAT – up to 30.31c/L including VAT and lactose bonus for October.
In Northern Ireland, a price of 24.50p/L will be paid for October supplies.
Commenting on the price, a spokesperson for the co-op said:
“Steady demand and easing in milk production in the main dairy production markets are contributing to the price stability.
“However, uncertainties such as a lack of clarity on Brexit and ongoing global trade disputes need to be considered in the longer term.”
Meanwhile, on Tuesday, Glanbia announced its decision to hold its milk price; the processor will pay its member milk suppliers 29c/L including VAT for October manufacturing milk supplies at 3.6% butterfat and 3.3% protein.
Glanbia Ireland (GI) will pay a base milk price for October of 28c/L including VAT, for manufacturing milk at 3.6% fat and 3.3% protein. This is unchanged from the September base price.
The board of Glanbia Co-op will continue to make a support payment to members of 1c/L including VAT for October milk supplies.
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