Kerry Group has set its base price for April milk at 28.94c/l excluding VAT, a spokesperson said this Thursday. This is a 0.5c/l cut on the March base price.

Based on average April milk solids, the price returned to farmers inclusive of bonuses is 30.96c/l excluding VAT.

In recent days, Lakeland and Glanbia held their prices for April. The recent positive trend observed on global markets has led IFA dairy chair Tom Phelan to say that "co-ops can and must switch towards a more positive approach on milk prices from now on".

Dairy analyst Torsten Hemme of the IFCN network said: "Supply is very weak, dairy stocks in storage are low and I’m surprised that future markets are so relaxed", observing that "demand outstripping supply".

Read more

Glanbia holds price for April milk supplies

Call for co-ops to be more ‘positive’ on price

Listen: optimism mixed with realism from dairy experts