Kerry Group has unveiled its price for June 2021 milk supplies.
Kerry Group milk price June 2021:
In a statement to That’s Farming, on Wednesday, July 14th, 2021, a spokesperson said:
“Our Kerry Group base price for June milk supplies is 35c/l incl VAT at 3.30% Prot/3.60% Bfat and 38.44c/l incl Vat at EU standard constituents 3.40% Prot/4.20% Bfat.”
“Based on Kerry’s average milk solids for June, the milk price return inclusive of VAT and bonuses is 38.08c/l.”
Meanwhile, based on Kerry’s average milk solids for May, the milk price return inclusive of VAT and bonuses was 37.62c/L.
It increased its base price for May milk supplies by 1c/l to 35c/l incl VAT at 3.30% Prot/3.60% Bfat and 38.44c/l incl VAT at EU standard constituents 3.40% Prot/4.20% Bfat.
‘No reason for any co-op to pay less than 36.5c/L base price for all June milk’
Last week, the ICMSA’s Ger Quain spoke in advance of milk price announcements for June supplies.
He stated that there is scope for at least a single cent per litre increase in base milk prices from most co-ops for June 2021 supplies.
He believes there “must be more” from those co-ops who failed to increase price for May supplies.
Quain cited the latest Ornua PPI, which shows an increase in the base index of over 1cpl.
“Let’s talk about what we know for a fact: there was already a price gap of 1.5cpl between top and bottom base milk that left really substantial differences in milk cheques between neighbours last month.”
“That has to be bridged, and it had better be closed by those at the bottom coming up.”
“It cannot be the case that farmers in certain co-ops do not benefit fairly and proportionately from milk price increase. “
He warned that farmers will not accept any repeat of the old discredited tactic of ‘low and slow’ price rises during peak production.
“We see no reason whatsoever for any co-op to pay less than 36.5cpl base price for all June milk. We are supported in that by the Ornua price of 35.9 cpl indicative price.”
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