Kerry Dairy Ireland Raises October Milk Price Amid Robust Demand
Source: DairyNews.today
Kerry Dairy Ireland, the dairy division of Kerry Group, announced on Friday, November 15, an increase in its milk price for October supplies, reflecting continued strength in dairy markets.
The processor set the October milk price at 48.5c/L, including VAT, based on standard constituents of 3.3% protein and 3.6% butterfat. This marks a rise from 47.75c/L in September, 45.25c/L in August, and 44c/L in July. At EU standard constituents of 3.4% protein and 4.2% butterfat, the price equates to 62.82c/L.
In a statement, Kerry Dairy Ireland attributed the increase to strong butter and cheese returns, which continue to support pricing. “An upward trend in milk output is currently being offset by robust demand,” the company noted.
Lakeland Dairies Follows Suit
Lakeland Dairies also announced an increase in its milk price for October, raising it by 0.6c/L from September. Farmers in the Republic of Ireland (ROI) will receive a base price of 49.6c/L, inclusive of a 0.5c/L Sustainability Incentive Payment, for milk at 3.6% butterfat and 3.3% protein.
In Northern Ireland (NI), the base price for October supplies rose by 0.5p/L to 40.8p/L, including a 0.5p/L Sustainability Incentive Payment.
Market Trends and Outlook
Global dairy markets, which saw strengthening trends in the third quarter, have stabilized in recent weeks, with supply and demand largely balanced, according to processors.
Lakeland Dairies emphasized its commitment to supporting farmers amid evolving market conditions, stating it will continue to closely monitor developments.
In a statement, Kerry Dairy Ireland attributed the increase to strong butter and cheese returns, which continue to support pricing. “An upward trend in milk output is currently being offset by robust demand,” the company noted.
Lakeland Dairies Follows Suit
Lakeland Dairies also announced an increase in its milk price for October, raising it by 0.6c/L from September. Farmers in the Republic of Ireland (ROI) will receive a base price of 49.6c/L, inclusive of a 0.5c/L Sustainability Incentive Payment, for milk at 3.6% butterfat and 3.3% protein.
In Northern Ireland (NI), the base price for October supplies rose by 0.5p/L to 40.8p/L, including a 0.5p/L Sustainability Incentive Payment.
Market Trends and Outlook
Global dairy markets, which saw strengthening trends in the third quarter, have stabilized in recent weeks, with supply and demand largely balanced, according to processors.
Lakeland Dairies emphasized its commitment to supporting farmers amid evolving market conditions, stating it will continue to closely monitor developments.
