Kerry Group Introduces Forward Price Scheme at 37c/L for Milk Suppliers

The scheme applies to milk constituents of 3.6% butterfat and 3.3% protein, and it includes a feed and fuel price adjustor. The scheme is valid for the period from March to October 2024. The application for the forward price scheme opened at 3:00 p.m and will remain open for 24 hours. This announcement follows Kerry Group's previous forward price scheme offered at 38.5c/L for the same period.  Key Points:

• Kerry Group's new forward price scheme for milk suppliers sets a price of 37c/L, inclusive of VAT, for constituents of 3.6% butterfat and 3.3% protein.
• The scheme includes a feed and fuel price adjustor and is applicable for the period from March to October 2024.
• The application for the forward price scheme opened at 3:00 p.m and will remain open for 24 hours.
• The previous forward price scheme offered by Kerry Group for the same period was at 38.5c/L.

This move by Kerry Group aims to provide transparency and support to its milk suppliers amid market uncertainties, particularly regarding demand dynamics in the Chinese market.