Kerry Dairy Ireland Increases September Milk Price to 47.75c/L Amid Buoyant Dairy Markets
Source: DairyNews.today
Kerry Dairy Ireland, the dairy division of Kerry Group, announced on October 16 that it will pay farmers 47.75c/L, including VAT, for milk supplied in September. This represents a continued upward trend in milk prices for Kerry suppliers, following increases from 45.25c/L in August, 44c/L in July, and 42.5c/L in June, based on constituents of 3.3% protein and 3.6% butterfat.
At EU standard constituents of 3.4% protein and 4.2% butterfat, the price translates to 52.31c/L, while Kerry’s average milk solids for September yield a return of 58.37c/L inclusive of VAT and bonuses. The increase reflects a steady rise in milk prices over recent months, driven by strong demand in dairy markets.
In a statement, Kerry Dairy Ireland attributed the current market support to robust cheese prices, which have counterbalanced a slight dip in butter prices from recent record highs. This trend follows an increase in base prices from other processors as well. Last week, Lakeland Dairies raised its September milk price to 49c/L, including a 0.5c/L Sustainability Incentive Payment, based on 3.6% butterfat and 3.3% protein. Additionally, Lakeland announced a €30/t feed rebate to support its suppliers.
In Northern Ireland, Lakeland has also adjusted its September base price to 40.3p/L, inclusive of the 0.5p/L Sustainability Incentive Payment, reflecting a 2p/L increase from August. The processor noted that global dairy markets remain largely positive, strengthened by demand through the third quarter. Lakeland has committed to ongoing market monitoring to support farmers and ensure competitive milk prices as the year progresses.
In a statement, Kerry Dairy Ireland attributed the current market support to robust cheese prices, which have counterbalanced a slight dip in butter prices from recent record highs. This trend follows an increase in base prices from other processors as well. Last week, Lakeland Dairies raised its September milk price to 49c/L, including a 0.5c/L Sustainability Incentive Payment, based on 3.6% butterfat and 3.3% protein. Additionally, Lakeland announced a €30/t feed rebate to support its suppliers.
In Northern Ireland, Lakeland has also adjusted its September base price to 40.3p/L, inclusive of the 0.5p/L Sustainability Incentive Payment, reflecting a 2p/L increase from August. The processor noted that global dairy markets remain largely positive, strengthened by demand through the third quarter. Lakeland has committed to ongoing market monitoring to support farmers and ensure competitive milk prices as the year progresses.
