Kerry Group has become the third processor to set its price for February 2022 milk supplies.
Kerry Group milk price February 2022
In a statement to That’s Farming, a spokesperson for the milk processor said:
“Our Kerry Group base price for February milk supplies will increase to 43 c/L incl VAT at 3.30% Prot/3.60% Bfat and 47.14c/l (including VAT) at EU standard constituents: 3.40% prot/4.20% butterfat.”
“Based on Kerry’s average milk solids for February, the milk price return inclusive of VAT and bonuses is 48.56 c/L,” the spokesperson concluded.
Last month, it increased its base price for January milk supplies to 41c/l incl VAT at 3.30% Prot/3.60% Bfat and 44.97c/l (incl Vat) at EU Standard Constituents 3.40% Prot/4.20% Bfat.”
Based on Kerry’s average milk solids for January, the milk price return inclusive of VAT and bonuses was 47.61c/L.
Milk prices in Ireland
Meanwhile, Lakeland Dairies has increased its milk price by 2.5c/L to pay 43.5c/L, inclusive of lactose bonus and VAT, for milk at 3.6% fat and 3.3% protein.
The spokesperson said: “On average, the Lakeland Dairies payout in ROI will be over 47.19c/L for February milk.”
Meanwhile, in Northern Ireland, Lakeland Dairies has increased its milk price by 2p/L to 34.7p/L.
On average, Lakeland Dairies will pay out over 36.75 pence/litre for February milk in Northern Ireland. This includes adjustments for constituents and quality and volume bonuses.
Furthermore, Glanbia has increased its milk price to 45.08c/L (including VAT) for supplies at 3.6% butterfat and 3.3% protein.
A spokesperson outlined that the overall Glanbia price of 45.08c/L for member milk suppliers includes;
- A base milk price for February of 41.58c/L (including VAT). This is an increase of 1.5c/L from the January base price of 40.08c/L (including VAT);
- An unconditional seasonality bonus of 3c/L (including VAT) on qualifying milk volumes supplied in February;
- A sustainability action payment of 0.5c/L (including VAT) on all milk members supply in 2022 to recognise specific sustainability actions undertaken on-farm.