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Kerry Group decided this Wednesday to hold its milk price at 23.8c/litre excluding VAT at 3.3% protein and 3.6% fat, a co-op representative told the Irish Farmers Journal.
Glanbia, too, has left its December price unchanged at 23.7c/l excluding VAT for co-op members at 3.3% protein and 3.6% fat. This includes the base price of 22.75c/l paid by Glanbia Ingredients Ireland (GII) and the 0.95c/l added by Glanbia co-op for members who have signed a milk supply agreement, all exclusive of VAT.
Lakeland Dairies is also holding its base milk price for December at 24.8c/l excluding VAT at equivalent fat and protein content, as was confirmed on Tuesday. The co-op has held this price since August.
Farmgate milk price
The latest value of the Ornua purchase price index (PPI) is equivalent to a farmgate milk price of 24.6c/litre including VAT, but excluding processing costs.
The PPI of dairy commodities dropped by 1.8% for December 2015, standing at 86.6.
The index is calculated from the price of dairy commodities sold by Ornua, including butter, cheese, whole milk powder and protein products.
Ornua PPI index falls for ninth straight month
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