Kerry Group has become the first processor to set its milk price for June 2022 supplies.
In a statement to That’s Farming earlier this morning (Monday, July 11th, 2022), a spokesperson for Kerry Group said:
“Our Kerry Group base price for June milk supplies will increase to 53.5c/l incl VAT at 3.30% Prot/3.60% Bfat and 58.56c/l incl Vat at EU standard constituents 3.40% Prot/4.20% butterfat.”
“Based on Kerry’s average milk solids for June, the milk price return inclusive of VAT and bonuses is 57.08c/L,” the spokesperson concluded.
June 2022 milk price
Its announcement comes just days after the ICMSA’s appeal to milk processors to ensure it pays 55c/L “as a minimum” for last month’s milk.
Chairperson of its dairy committee, Noel Murphy, said that while dairy markets continue in a “very strong” position, the returns at milk processor level are still not being “fully reflected” in the price farmers are receiving.
He said: “While we acknowledge that milk prices are at record levels, we also point to record high input costs.”
“While revenues are strong, the bills farmers have to pay are unfortunately stronger. The co-ops must know that. That is why it is so important that every cent that can be returned to their suppliers is passed back.”
“Farmers are being ravaged by rocketing input cost bills that have been building up since the start of this year.”
He stressed that farmers have to get every cent that their milk is fetching in these “continually climbing” markets.
IGA 2022 dairy conference
Meanwhile, controlling the controllables, creating certainty and attracting and retaining people are among the topics that will be explored at this year’s Irish Grassland Association Dairy Conference.
The 2022 event – which Yara is sponsoring – will take place on Wednesday, July 20th, 2022, in the Talbot Hotel, Clonmel.
The dairy conference – which carries the theme of doing the basics right to fulfil potential – will take place in the Talbot Hotel, Clonmel, on Wednesday, July 20th, 2022.
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