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Ireland 18.01.2024

Kerry Group Sets December Milk Price Amid Market Uncertainties

Source: The DairyNews
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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.
Kerry Group Sets December Milk Price Amid Market Uncertainties
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.
Becky Smith
Becky Smith
Analyst (Livestock) AHDB
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.
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.