Kerry Group has decided to hold base price for January milk supplies at 30c/l ex-VAT (32c/l incl VAT and bonuses) at 3.30% protein and 3.60% butterfat.

A spokesperson said the price at EU standard constituents (3.4% protein and 4.2% fat) is 33.3c/l ex-VAT (35.178c/l incl VAT).

Based on Kerry’s average milk solids for January, the milk price return inclusive of VAT and bonuses is 37.904c/l.

Milk suppliers in Kerry are paid in euro per kilo of milk solids, not volume.

Glanbia reduced milk price for January and Lakeland held milk price.

Other co-op boards are meeting this week.

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