Kerry Group has set its milk price for May supplies at 28.94c/l excluding VAT.

Based on average May milk solids supplied by farmers, the price to farmers inclusive of VAT and bonuses is 32.62c/l (30.94c/l excusive of VAT), a spokesman said.

It follows Glanbia in holding milk price for May.

Ornua’s purchase price index (PPI) rose by 1.3% in May, to return a farmgate price of 30.5c/l excluding VAT.

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