Kerry Group increases milk price

AS the international markets for dairy products continues to firm, Kerry Group announced another increase in the price that it pays farmer suppliers for their milk.

It confirmed that its supplier milk price payment will increase by a further two cents/litre to 34 cents /litre (154.5 cents/ gallon) for deliveries from July 1. This brings the cumulative Kerry milk price increase in 2007 to 8.5 cents/litre (38 cents/ gallon).

Meanwhile, IFA Dairy Committee chairman Richard Kennedy warned farmers not to accept underpayment by their co-ops.