The price at EU standard constituents is 35.44c/l ex-VAT. /Donal O Leary
Kerry Group has decided to lift its base price by for March supplies up 1c/l at 32.2c/l ex-VAT at 3.3% protein and 3.6% butterfat.
The price at EU standard constituents (3.4% protein and 4.2% fat) is 35.44c/l ex-VAT.
Meanwhile, Lakeland Dairies announced a price of 32.5c/l ex-VAT at 3.3% protein and 3.6% fat for March milk.
Glanbia announced a price of 32.36c/l.
April 14, 2021 2:49 pm
Between 1983 and 2015, there was a “stagnation”, according to Lakeland Dairies, which saw “generations of farmers missing the opportunity to enter the dairy industry”.
This was because there was a “ceiling on production – and that’s not sustainable”.
Today (Wednesday, April 14), cross-border dairy cooperative Lakeland announced its results for 2020. Its revenue increased by over 5.7% to hit €1.09 billion in 2020, up by €59.3 million on the prior year figure of €1.03 billion.
Speaking to
Agriland, Lakeland CEO Michael Hanley and chairman Niall Matthews referred a number of times to the importance of having something sustainable – in every way – to hand down to future generations, and to entice new entrants into an industry.
April 14, 2021 2:27 pm
Kerry Group has become the latest processor to announce its milk price for March supplies – continuing the trend in announcing a price increase.
Kerry is the third processor to reveal its milk price this week, following Glanbia and Lakeland Dairies.
Kerry price
In a statement on the matter today (Wednesday, April 14), a spokesperson for the group said:
“Our Kerry Group base price for March milk supplies will increase by 1c/L to 34c/L including VAT at 3.30% protein and 3.60% butterfat. This, the spokesperson added, converts to 37.35c/L including VAT at EU standard constituents of 3.40% protein and 4.20% butterfat.
April 14, 2021 3:55 pm
Northern Ireland milk processors have announced increases to prices of up to 1p/L for March’s milk.
Dairy processors Dale Farm, Lakeland Dairies, and Glanbia Ireland have all announced increases to NI milk prices of between 0.75p/L and 1p/L.
NI milk prices for March
Dale Farm had the biggest increase, announcing this afternoon it would increase its price by 1p/L for March, to 29.25p/L plus a 0.3p/L loyalty bonus. It brings the total paid to
29.5p/L plus bonuses.
Glanbia Ireland’s 29.25p/L base price in the North – up 0.75p compared to February.
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