Kerry Dairy Ireland Holds Milk Prices Steady
Source: The DairyNews
Kerry Dairy Ireland, a division of Kerry Group, announced today that it will maintain its milk price for May supplies at 41.0 cents per liter, including VAT, with constituents of 3.30% protein and 3.60% butterfat. The price at EU standard constituents of 3.4% protein and 4.2% butterfat stands at 44.96 cents per liter.
According to the company, the price return, including VAT and bonuses based on Kerry’s average milk solids for May, is 43.54 cents per liter.
A spokesperson from Kerry Dairy Ireland commented on the market dynamics, noting, "There is sustained strength in butter prices as supply has been curtailed in the EU. The higher prices are testing buyers' resilience and only essential business is being done at these levels. Any increase in availability will put pressure on prices."
In a significant development for the region, Kerry Dairy Ireland is also celebrating the official opening of its new Cheestrings facility in Charleville, Co. Cork today. The expansion has led to a 50% increase in production capacity and the creation of 60 new jobs. The €30 million investment is supported by Enterprise Ireland and the government’s capital investment scheme for the agri-food processing sector.
The company emphasized that this investment marks a significant commitment to its ambitious growth plans for the Cheestrings brand.
A spokesperson from Kerry Dairy Ireland commented on the market dynamics, noting, "There is sustained strength in butter prices as supply has been curtailed in the EU. The higher prices are testing buyers' resilience and only essential business is being done at these levels. Any increase in availability will put pressure on prices."
In a significant development for the region, Kerry Dairy Ireland is also celebrating the official opening of its new Cheestrings facility in Charleville, Co. Cork today. The expansion has led to a 50% increase in production capacity and the creation of 60 new jobs. The €30 million investment is supported by Enterprise Ireland and the government’s capital investment scheme for the agri-food processing sector.
The company emphasized that this investment marks a significant commitment to its ambitious growth plans for the Cheestrings brand.
