Kerry Group has become the second processor to set its milk price for September 2022 supplies.
Its announcement today (Monday, October 17th), comes on the back of Lakeland Dairies’ last Thursday (October 13th, 2022).
In a statement to That’s Farming, a spokesperson for Kerry Group confirmed that its base price for September milk supplies is 56c/L (Vat inc.) at 3.30% Prot/3.60% Bfat and 61.28c/L (Vat inc.) at EU Standard Constituents 3.40% Prot/4.20% Bfat.
Based on Kerry’s average milk solids for September, the statement added, the milk price return inclusive of VAT and bonuses is 66.19c/L.
Kerry Group will also pay an additional 2c/L (Vat Inc) @ 3.30% Protein and 3.60% Butterfat on September volumes as part of its contractual commitment.
An ex-gratia payment of 2c/L (Vat Inc) @ 3.30% protein and 3.60% butterfat will be made on milk volumes supplied under fixed price contracts in September.
Lakeland Dairies became the first processor to set its September 2022 milk price.
The board of Lakeland Dairies announced that it had decided the co-operative’s milk price for September.
In the Republic of Ireland, Lakeland Dairies has maintained the price of 58.85c/L, inclusive of VAT, for milk at 3.6% fat and 3.3% protein.
This includes a supplementary input support payment of 1.5 cent/litre, inclusive of VAT, introduced in August.
It recognises the rising costs of all farm inputs and payable for all suppliers, including fixed milk price contracts.
According to a statement, on average, the Lakeland Dairies payout in ROI will be 67.45 cent/litre for September milk.
In ROI, all fixed milk price contracts will receive an 8 c/litre supplementary payment, plus the additional 1.5 c/litre input support payment.
Moreover, in Northern Ireland, Lakeland Dairies has maintained the price of 47.5 p/litre. This includes an input support payment of 1.5 p/litre.
On average, Lakeland Dairies will pay out 49.51 pence/litre for September milk in Northern Ireland, including adjustments for constituents and quality, volume bonuses and zero cartage charges.
Read more in this news article.