Kerry Dairy and Lakeland Dairies Adjust Milk Prices Amid Market Stability

Kerry Dairy Ireland has decided to implement a 'base price top up' for January milk supplies, setting the price at 37.5c/L, which includes VAT, quality, and sustainability bonuses. This adjustment follows a previous milk price of 34.5c/L for December, effectively restoring the price to November levels before a 3c/L reduction.

Kerry Dairy also noted that based on the average milk solids for January, the average milk price return will be 45.28c/L. The dairy commodity markets have recently stabilized, despite a strong global milk supply that continues to exceed earlier projections.

In parallel, Lakeland Dairies announced it would maintain its base price of 33.25c/L for January milk in the Republic of Ireland, which includes a 0.5c/L Sustainability Incentive Payment. To support farmers through current market challenges, Lakeland will also provide a 2c/L input support and a 1c/L early calving bonus, bringing the minimum base price to 36.25c/L. Additionally, a 5c/L out-of-season bonus will be paid on all qualifying litres.

For Northern Ireland, Lakeland Dairies set a base price of 26.3p/L for January milk, inclusive of the Sustainability Incentive Payment. An input support of 1.75p/L and an out-of-season payment of 3p/L will be provided, ensuring a minimum base price of 31.05p/L.