Kerry Group has, today (Monday, May 10th,2021) revealed its April milk price.
The milk processor is the first to announce its pricing for April supplies.
Kerry milk price April 2021
In a statement to That’s Farming, a spokesperson said:
“Our Kerry Group base price for April milk supplies is 34c/l incl VAT at 3.30% Prot/3.60% Bfat and 37.35c/l incl VAT at EU Standard Constituents 3.40% Prot/4.20% Bfat.”
“Based on Kerry’s average milk solids for April, the milk price return inclusive of VAT and bonuses is 36.60c/l.”
Kerry Group was the third processor to announce its milk price last month, following Glanbia and Lakeland Dairies.
In a statement, a spokesperson for Kerry Group, said:
“Our Kerry Group base price for March milk supplies will increase by 1c/L to 34c/L including VAT at 3.30% protein and 3.60% butterfat.”
This converts to 37.35c/L, including VAT at EU standard constituents of 3.40 protein and 4.20% protein.
“Based on Kerry’s average milk solids for March, the milk price return inclusive of VAT and bonuses is 37.40c/L.”
Differences between milk prices
In other dairy-related news, the IFA’s dairy committee recently published the results of a new milk price analysis.
The data shows “significant” differences between the milk price paid by 11 milk processors nationwide.
It based the analysis on revenue generated in 2019 and 2020 by a spring-calving herd supplying 500,000 litres a year to their milk processor.
According to the farm group, it does not include any trading bonuses, fixed price schemes or forward contracts.
Its 2019 analysis shows a gap of €16,481 between the highest and lowest payers. Meanwhile, in 2020, the gap has widened to €16,896.
The analysis, completed by the Committee with the IFA’s senior dairy policy executive, Aine O’Connell, is based on milk statements supplied by farmers to the dairy committee.
Furthemore, it ranks processors in order of the annual income generated and adjusted for milk constituents.