EN 中文 DE FR عربى
Ireland 14.12.2023

Kerry Group announces milk price for November supplies

Source: The DairyNews
461 EN 中文 DE FR عربى
Kerry Group has officially disclosed its milk price for November supplies, maintaining a consistent rate of 35c/L inclusive of VAT, with 3.30% protein and 3.60% butterfat. This pricing structure, which has remained unchanged since August, comprises a base price of 32c/L and a milk contract payment of 3c/L, inclusive of VAT, applicable to all qualifying milk volumes.
Kerry Group announces milk price for November supplies
When evaluated against EU standard constituents of 3.4% protein and 4.2% butterfat, the November milk price stands at 38.4c/L. Considering Kerry's average milk solids for the same period, the comprehensive milk price return, inclusive of VAT and bonuses, amounts to 45.9c/L.

A spokesperson from Kerry Group noted, "Sentiment regarding dairy commodities is cautiously positive for 2024 as the challenges of a tumultuous 2023 come to a conclusion. However, lingering uncertainties around the market fundamentals underscore the cautious optimism."

Meanwhile, Lakeland Dairies has confirmed an upward adjustment in the milk price offered to dairy farmers for November supplies. The Republic of Ireland will witness a base price of 36c/L (3.6% butterfat and 3.3% protein), marking a 2c/L increase. Eligible farmers will also benefit from a 3c/L out-of-season payment.

The Ornua Purchase Price Index (PPI) recently rose to 125.8 earlier this month, signaling an indicative price return of 37.2c/L, inclusive of VAT, for November. These developments reflect the dynamic landscape of the dairy market, as players navigate uncertainties and seize opportunities in the evolving industry.
Becky Smith
Becky Smith
Analyst (Livestock) AHDB
01.03.2024
China is an important buyer on the world dairy markets, with a strong influence on global demand that plays into price dynamics. Imports of dairy products to China continued to decline in 2023, driven by increased domestic production and weaker consumer demand.
Keith Woodford
Keith Woodford
principal consultant at Agri food Systems Ltd.
28.02.2024
Synlait is in big trouble with losses mounting up and no easy answers, says Keith Woodford. For much of the past 20 years, Synlait was an entrepreneurial player in the New Zealand dairy industry, with a strong focus on growth. For a long time, it seemed to be doing everything right.
Calendar