Kerry Group yesterday, 15 March 2022, confirmed a milk price of 43c/L (inclusive of VAT) at 3.3% protein and 3.6% butterfat, making this an increase on its February milk price. The price paid for January supplies was 41c/L (inclusive of VAT) for milk with constituents of 3.3% protein and 3.6% butterfat.
The processor said that at European standard constituents of 3.4% protein and 4.2% butterfat, this price is 47.14c/L, inclusive of VAT. Based on Kerry’s average milk solids for last month, the milk price return inclusive of VAT and bonuses is 48.56c/L.
Dairygold also announced an increase in its milk price for February supplies.
The company has increased last month’s quoted milk price by 1.5c/L to 43.0c/L, based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of bonuses and VAT. Also, the February early-calving bonus of 2c/L (excluding VAT) will be paid on milk supplied in February in accordance with milk quality criteria.
Dairygold explained that this milk price equates to an average February farm gate milk price of 50.6c/L, based on average February milk solids, achieved by milk suppliers. The quoted milk price for February based on EU standard constituents of 3.4% protein and 4.2% butterfat is 46.9c/L – excluding the February early calving bonus.
The company commented that “global dairy demand continues to remain strong, driven by weakened supply from all major milk producing regions. However, the war in Ukraine has led to a spike in input costs, both on farm and in processing and this situation remains under constant review.”
LSL News.