Kerry Group the latest co-op to set a price for March milk

Kerry Group is holding its milk price for March supplies of milk at 25c/L (including VAT), a spokesperson for the Group has confirmed.

Kerry is the latest co-op to set its March milk price, following Glanbia and Lakeland Dairies setting their prices earlier this week.

Yesterday, Glanbia cut 2c/L off its March market price, bringing the price for March supplies to 22c/L (including VAT).

Glanbia will pay its member suppliers 24c/L including VAT for March manufacturing milk supplies. This price is inclusive of a 1c/L Glanbia Co Operative Society (“the Society”) support payment to its members and the advance distribution by GII of a 1c/L “Additional Cash Bonus” from Ornua.

Henry Corbally, Glanbia Chairman, said that the Board and management of Glanbia is acutely conscious that the current weakness in dairy market returns, as well as the challenging weather, is extremely difficult for milk suppliers.

Meanwhile, Lakeland Dairies this week cut its milk price for March supplies by 1c/L.

Suppliers to Lakeland Dairies will receive 24.78c/L for March milk including VAT and a lactose bonus of 0.28c/L.

In February, the co-op held its base milk price for February supplies of milk at 25.78c/L (including VAT and lactose bonus).

In January, Lakeland Dairies cut its price for December supplies by 1c/L.

The remaining co-ops are expected to set their prices for March supplies of milk next week.