Kerry Group has risen its base price for March by 0.95c/l, excluding VAT.

Last month, the processor paid a base price of 36.2c/l, excluding VAT, and this month it has increased it to 37.1c/l, excluding VAT for March milk supplies at 3.3% protein and 3.6% fat.

Overall, including a milk contract payment of 1.9c/l on qualifying milk volumes, Kerry is paying a price of 39c/l, excluding VAT.

Based on Kerry’s average milk solids for March, the milk price return exclusive of VAT and bonuses is 42.66c/l.

A Kerry Group spokesperson, commenting on the market, said that milk production in Europe remains under pressure due to very wet weather.

"This is providing support for dairy markets despite much uncertainty remaining around demand," they said.

Lakeland Dairies

Last week, Lakeland Dairies announced a rise to its base price of 0.48c/l, excluding VAT, for March supplies.

This brings its base price to 39.9c/l, excluding VAT, for milk supplied at 3.6% fat and 3.3% protein.

The base price includes a 0.48c/l sustainability incentive payment.

A separate 0.95c/l input support payment is being paid on top of the base price.