Kerry Dairy Ireland has today (Monday, February 17) confirmed the price it will pay suppliers for milk delivered in January.
The processor said that the milk price for January milk supplies is 53.5c/L, including VAT.
Kerry Dairy Ireland noted that this is inclusive of a base-price top-up of 3c/L, including VAT and quality bonuses.
This marks another increase in milk price for Kerry suppliers; up from 50c/L in December, 49.5c/L in November and 48.5c/L for October.
At EU standard constituents of 3.4% protein and 4.2% butterfat, the processor said that the milk price is 58.5c/L, including VAT.
In a statement, Kerry Dairy Ireland said: “Prices have fallen slightly in Europe recently as the threat of a foot and mouth disease outbreak recedes.
“Global demand outlook is good, which should provide support for prices as Europe heads into peak production.”
Last week, the board of Lakeland Dairies decided on a price for milk supplied in January, with its base price being held.
A base price of 49.75c/L, VAT inclusive, at constituents of 3.6% butterfat and 3.3% protein, will be paid for January milk in the Republic of Ireland, which is inclusive of the 0.5c/L Sustainability Incentive Payment.
The processor said that qualifying farmers will also receive a 5c/L out-of-season payment.
While the base price paid by Lakeland Dairies is unchanged, the move of the VAT rate to 5.1% as part of Budget 2025 means that the VAT inclusive price is 49.75c/L compared to 49.6c/L for December milk.
In Northern Ireland, a base price of 40.8p/L will be paid for milk supplied in January which is inclusive of the 0.5p/L Sustainability Incentive Payment. The base price has also been held from last month. The 3p/L out-of-season payment will be made on top of the base price.
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