This is a subscriber-only article
Kerry Group has announced that it will be increasing its May milk price by 1c/l to 29.41c/l excluding VAT.
The processor is the first to announce an increase for May and many farmers will be relieved to see the increase following recent cuts made by other processors.
Lakeland and Glanbia
Lakeland and Glanbia cut milk price this week by 1.5c/l and 1c/l respectively.
As previously reported in the Irish Farmers Journal, this week’s cut in May milk price will take €1,050 off the May milk cheque for the average farmer milking 100 cows and producing about 5,000l per cow.
Ornua
The PPI, which represents the price of dairy products exported by Ornua, stood at 105.4 last month.
"This is up from 100.4 in April, which reflects stronger returns in the month for butter and powders," a spokesperson for Ornua said.
SHARING OPTIONS: