Kerry pays farmers more for milk

KERRY GROUP yesterday announced a further increase in the price it pays its suppliers for milk as conditions across international dairy markets remained firm.

The group confirmed that its supplier milk price payment will increase by a further 11 cent/gallon (2.5 cent/litre) to 145.5 cent/gallon (32 cent/litre) for deliveries from June 1. This brings the cumulative Kerry milk price increase in 2007 to 28.8 cent/gallon (6.3 cent/litre).

Meanwhile, IFA Dairy Committee chairman Richard Kennedy said Dairygold’s decision to increase its May milk price by 2.2c/l proves that there is more money available in the current buoyant dairy markets than has been paid back to farmers so far.