Kerry Group has set its November 2021 milk price, becoming the second processor to do so.
Its announcement today (Tuesday, December 14th), follows Lakeland Dairies’ yesterday (Monday).
Kerry milk price November 2021
In a statement to That’s Farming, a spokesperson for Kerry Group said:
“Our Kerry Group base price for November milk supplies will increase to 38.25c/l incl VAT at 3.30% Prot/3.60% Bfat and 41.98c/l incl Vat at EU Standard Constituents 3.40% Prot/4.20% Bfat.”
“Based on Kerry’s average milk solids for November, the milk price return inclusive of VAT and bonuses is 49.28c/l.”
October and September milk prices
Meanwhile, it increased its base price for October milk by 1c/l to 37c/l incl VAT at 3.30% Prot/3.60% Bfat and 40.62c/l incl Vat at EU Standard Constituents 3.40% Prot/4.20% Bfat.”
Based on Kerry’s average milk solids for October, the milk price return inclusive of VAT and bonuses was 46.93c/L.
The processor increased its base price for September milk supplies by 1c/l to 36c/l incl VAT at 3.30% protein/3.60% butterfat and 39.53c/l incl VAT at EU Standard Constituents 3.40% protein/4.20% butterfat.
Lakeland Dairies
Lakeland Dairies was the first processor to announce its milk price for November 2021 supplies.
In a statement, its board confirmed that it increased the co-operative’s milk price for November.
In the Republic of Ireland, Lakeland Dairies has increased its milk price by 1.22 cents per litre.
Therefore, it will pay a base milk price of 39.22 cpl, including VAT, for milk at 3.6% fat and 3.3% protein.
Meanwhile, in Northern Ireland, Lakeland Dairies has increased its milk price by 1 pence per litre and will pay a milk price of 31.5p/litre.
A spokesperson for the milk processor said that global dairy markets “remain stable” with currently reliable levels of demand overall and a lower rate of growth in supply from the main dairy producing regions.
“Strong demand and consumption in Asia continue to be a positive factor,” they pointed out.
They confirmed that Lakeland Dairies will continue to monitor the market “closely” in the coming weeks.
Further reading:
See milk price updates on That’s Farming.
