Kerry Group has confirmed its milk price for April 2022 supplies.
In a statement to That’s Farming, a spokesperson for Kerry Group said:
“Our Kerry Group base price for April milk supplies will increase to 49.5 c/l incl VAT at 3.30% Prot/3.60% Bfat and 54.21c/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 53.31 c/l,” the spokesperson concluded.
Last month, based on Kerry’s average milk solids for March, the milk price return was 50.57 c/L. This was inclusive of VAT and bonuses.
The processor increased its base price for March milk supplies to 46.5 c/l incl VAT at 3.30% Prot/3.60% Bfat and 50.95 c/l incl Vat at EU Standard Constituents 3.40% Prot/4.20% Bfat.
Lakeland Dairies became the first processor to announce its milk price for April 2022 supplies.
In a statement to That’s Farming, a spokesperson for the processor said:
“In the Republic of Ireland, Lakeland Dairies has increased its milk price by 3 cent/litre to pay 50.1 cent/litre inclusive of VAT, for milk at 3.6% fat and 3.3% protein.”
On average, the Lakeland Dairies payout in ROI will be 53.02 cent/litre for April milk.
Meanwhile, in Northern Ireland, Lakeland Dairies has increased its milk price by 2.5 p/litre to 40 p/litre.
According to the statement, on average, Lakeland Dairies will pay out 42.1 pence/litre for April milk in Northern Ireland.
This includes adjustments for constituents and quality, volume bonuses and zero cartage charges.
Last week, Glanbia announced that it will pay 50.08c/L (including V.A.T) for April milk supplies at 3.6% butterfat and 3.3% protein.
The price comprises the following:
- The Glanbia base milk price for April is 46.58 cpl (including VAT);
- The board has agreed to pay a 3c/L agri-input support payment on all milk farmers supplied in April. This is against a backdrop of record farm input costs;
- It will pay a Sustainability Action Payment of 0.5c/L (including VAT) monthly on all milk supplied in 2022. This is to recognise specific sustainability actions farmers are undertaking.