Kerry Group suppliers will receive 27.9c/l excluding VAT for July milk.

The price represents a 1c/l cut to the milk price compared to the previous month.

“Based on average July milk solids, the price return inclusive of vat and bonuses is 32.056 c/l,” a spokesperson for Kerry said.

Kerry is the latest processor to cut price, following Glanbia and Lakeland who set their prices earlier this week.

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Glanbia drops July milk price