Kerry Dairy Ireland, Lakeland Dairies, Dairygold Raise Milk Prices

Kerry Dairy Ireland Raises Milk Prices

In a significant development, Kerry Dairy Ireland, the dairy division of the esteemed Kerry Group, has announced an increase in its milk price for November. The new price is set at 49.5c/L, including VAT, based on milk with 3.3% protein and 3.6% butterfat. This marks a steady upward trend for the company, following prices of 48.5c/L in October, 47.75c/L in September, and 45.25c/L in August.

Market Stability and Demand

The company attributes the price hike to the stability in global dairy markets in November, where strong demand effectively counterbalanced increased milk production. This prompted an average milk price return of 64.73c/L, inclusive of VAT and bonuses, based on Kerry’s average milk solids for the month.

Lakeland Dairies and Dairygold Announcements

Similarly, Lakeland Dairies announced its milk price for November at 49.6c/L, unchanged from the previous month, with adjustments for sustainability incentives and out-of-season bonuses. Additionally, in Northern Ireland, a base price of 40.8p/L will be paid for November milk, also maintaining last month’s figures.

In parallel, Dairygold has also increased its milk price by 1.0c/L to 50.0c/L, with similar standard constituents. The Dairygold price equates to an average farm gate milk price of 66.8c/L, based on the average November 2024 milk solids. Their quoted price, based on EU standard constituents, is 54.5c/L, including VAT.