Kerry Group has set its milk price for October 2021 supplies.
Its announcement this morning (Monday, November 15th), follows Lakeland Dairies’ last week.
Kerry Group October 2021 milk price
In a statement to That’s Farming, a spokesperson for Kerry Group, said:
“Our Kerry Group base price for October milk supplies will increase 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 is 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.
Based on Kerry’s average milk solids for September, the milk price return inclusive of VAT and bonuses was 42.37c/L.
Lakeland Dairies’ milk price
Last week, Lakeland Dairies became the first milk processor to announce its price for October 2021 supplies.
The board of Lakeland Dairies increased the co-operative’s milk price for the month in question.
In a statement to That’s Farming on Thursday, November 11th, 2021, a spokesperson for the milk processor said:
“In the Republic of Ireland, Lakeland Dairies has increased its milk price by 0.5 cents per litre and will pay a base milk price of 38cpl, including VAT, for milk at 3.6% fat and 3.3% protein.”
“Meanwhile, in Northern Ireland, Lakeland Dairies has increased its milk price by 0.4 pence per litre and will pay a milk price of 30.5p/litre.”
“Global dairy markets remain strong at present with continuing restrained milk supply across Europe, New Zealand and the United States.”
The spokesperson said that “strong” purchasing and consumption from Asia is also a “key” market driver.
Lakeland Dairies confirmed that it will continue to monitor the market “closely” in the weeks ahead.
See milk price updates on That’s Farming.