Kerry Dairy Ireland has held its base price at 31.67c/l, excluding VAT, for January supplies.
However, the processor announced a bonus of 2.87c/l, excluding VAT, which will be paid on top of base price for milk supplied last month.
With the addition of quality and sustainability bonuses, Kerry is paying suppliers a price of 35.89c/l for January.
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At EU standard constituents of 3.40% protein and 4.20% butterfat, its milk price comes to 39.31c/l, excluding VAT.
Based on Kerry Dairy Ireland’s average milk solids for January, the milk price return inclusive of quality and sustainability bonuses is 43.33c/l, excluding VAT.
A spokesperson for the company said that dairy commodity markets have stabilised in recent weeks, finding a floor despite continued strong milk supply.
Volumes across major exporting regions are also still exceeding earlier projections, they said.
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Kerry Dairy Ireland has held its base price at 31.67c/l, excluding VAT, for January supplies.
However, the processor announced a bonus of 2.87c/l, excluding VAT, which will be paid on top of base price for milk supplied last month.
With the addition of quality and sustainability bonuses, Kerry is paying suppliers a price of 35.89c/l for January.
At EU standard constituents of 3.40% protein and 4.20% butterfat, its milk price comes to 39.31c/l, excluding VAT.
Based on Kerry Dairy Ireland’s average milk solids for January, the milk price return inclusive of quality and sustainability bonuses is 43.33c/l, excluding VAT.
A spokesperson for the company said that dairy commodity markets have stabilised in recent weeks, finding a floor despite continued strong milk supply.
Volumes across major exporting regions are also still exceeding earlier projections, they said.
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