Kerry Group cut its milk price by 1c/l, bringing it to 29.4c/l excluding VAT for February supplies.

"Based on average February milk solids, the price return inclusive of vat and bonuses is 35.56cpl," a spokesperson for Kerry said.

Every Kerry supplier is getting a 0.5c/l top up on milk supplied from 1 May 2018 to end of December 2018, excluding milk supplied under fixed price contracts.

"The Group already paid an additional 1.5cpl on milk supplied from 1 January 2018 to the end of March 2018 and an additional 1cpl on milk supplied in April 2018 excluding milk supplied under fixed price contracts," a spokesperson said.