Kerry Dairy Ireland Announces April Milk Price Amidst Global Trade Tensions
Source: dairynews.today
Kerry Dairy Ireland sets April milk price at 50.43c/L, marking a slight decrease from March, as the EU grapples with trade challenges.
Kerry Dairy Ireland has confirmed that the price for milk supplies in April has been set at 50.43c/L, including VAT and quality and sustainability bonuses. This represents a drop from the March price of 51.43c/L. At EU standard constituents of 3.40% protein and 4.20% butterfat, the April milk price stands at 55.09c/L, with the average milk solids yielding a return of 53.93c/L.
The dairy processor acknowledged the resilience of global dairy demand but highlighted the pressures from ongoing US tariff actions affecting the competitiveness of European export prices compared to the US and New Zealand. Coinciding with this announcement, Tánaiste Simon Harris traveled to Brussels to engage in discussions with European Trade Commissioner Maros Sefčovic and EU Trade Ministers, addressing the evolving trade relations with the US.
These talks aim to find a balanced and mutually acceptable solution and to consider the EU's list of potential countermeasures if negotiations falter. Ireland seeks to mitigate adverse impacts on its economy during these negotiations.
The dairy processor acknowledged the resilience of global dairy demand but highlighted the pressures from ongoing US tariff actions affecting the competitiveness of European export prices compared to the US and New Zealand. Coinciding with this announcement, Tánaiste Simon Harris traveled to Brussels to engage in discussions with European Trade Commissioner Maros Sefčovic and EU Trade Ministers, addressing the evolving trade relations with the US.
These talks aim to find a balanced and mutually acceptable solution and to consider the EU's list of potential countermeasures if negotiations falter. Ireland seeks to mitigate adverse impacts on its economy during these negotiations.
