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Kerry Group will pay its suppliers a base milk price of 30.83c/l excluding VAT for February supplies, an increase of 1c/l on its January price.
Based on average February milk solids, the price return inclusive of bonuses is 35.10c/l excluding VAT.
It is the third processor to set a price for February milk supplies.
Last week Glanbia, Lakeland and Dairygold set their milk prices.
Glanbia held its base milk price at 29.41c/l, excluding VAT.
Lakeland helds its milk price at 30.18c/l excluding VAT.
Dairygold held its February milk price at 30.06c/l, excluding VAT.
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