Kerry Group Sets December Milk Price Amid Market Uncertainties
Source: The DairyNews
Kerry Group has confirmed the milk price for supplies in December, announcing a payment of 36c/L, including VAT, for milk with 3.30% protein and 3.60% butterfat.
The EU standard constituents of 3.4% protein and 4.2% butterfat equate to 39.5c/L. Factoring in Kerry Group's average milk solids for December, the comprehensive milk price return, inclusive of VAT and bonuses, stands at 45.5c/L.
The company cited market uncertainties in 2024, particularly related to demand dynamics in the Chinese market, despite the observed strength in commodity dairy markets towards the end of 2023.
The company cited market uncertainties in 2024, particularly related to demand dynamics in the Chinese market, despite the observed strength in commodity dairy markets towards the end of 2023.
