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Ireland 10.01.2024

Kerry Co-op Advocates for Further Top-Up Payments for 2023 Milk Prices

Source: The DairyNews
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Kerry Co-op has expressed its commitment to pursuing additional top-up payments for Kerry Group milk suppliers in relation to the 2023 milk price. Kerry Group recently announced a top-up payment of 1 cent per liter, including VAT, for qualifying milk solids supplied from July to December 2023.
Kerry Co-op Advocates for Further Top-Up Payments for 2023 Milk Prices
While Kerry Co-op acknowledges this interim payment, it views it as part-payment of Kerry Group's contractual commitment to providing "the leading milk price" for 2023. The co-op's board intends to work constructively with Kerry Group to ensure the outstanding balance is paid in due course, emphasizing its dedication to negotiating top-up payments to achieve a satisfactory final milk price for 2023.

Kerry Co-operative, the largest shareholder in Kerry Group plc, celebrates its 50th anniversary this week.

The Irish Farmers’ Association (IFA) dairy chair, Stephen Arthur, has previously stated that the Kerry Group top-up price is insufficient, emphasizing the need for additional payments. While any payment is welcomed amid rising costs, Arthur highlights that Kerry Group has lagged behind throughout the year, urging the group to deliver a better price to support farmers facing economic challenges.

Kerry Group's confirmation of a 35-cent-per-liter price for November milk supplies, unchanged since August, has prompted discussions about the overall market fundamentals and the uncertainties ahead in 2024.
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February 2024
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