Kerry Dairy Ireland, the dairy division of Kerry Group, has today (Friday, December 13) announced an increase in its milk price for November supplies.
The processor announced the milk price for November as 49.5c/L, including VAT, at constituents of 3.3% protein and 3.6% butterfat.
This marks another increase in milk price for Kerry suppliers; up from 48.5c/L last month, 47.75c/L in September, and 45.25c/L in August.
Based on Kerry’s average milk solids for November, the milk price return inclusive of VAT and bonuses is 64.73c/L.
In a statement, Kerry Dairy Ireland said: “Global dairy markets held steady through November, as strong demand counterbalanced the effects of increased milk production.”
Meanwhile, the Lakeland Dairies board has announced its milk price for November supplies at 49.6c/L, with no change from last month.
The base price constitutes of 3.6% butterfat and 3.3% protein, and will be paid for November milk in the Republic of Ireland (ROI) which is inclusive of the 0.5c/L Sustainability Incentive Payment. Qualifying farmers will also receive a 3c/L out-of-season payment.
In Northern Ireland (NI), a base price of 40.8p/L will be paid for milk supplied in November which is inclusive of the 0.5p/L Sustainability Incentive Payment.
The base price has also held from last month. The 3p/L out-of-season payment will be made on top of the base price.
Dairygold announced an increase in its milk price by 1.0c/L to 50.0c/L, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of sustainability and quality bonuses and VAT.
The November milk price equates to an average farm gate milk price of 66.8c/L, based on the average November 2024 milk solids achieved by Dairygold milk suppliers.
The quoted milk price for November, based on EU standard constituents of 3.4% protein and 4.2% butterfat, is 54.5c/L, inclusive of VAT.