Kerry Group is second processor to confirm cut to February milk price

It has announced a 6c cut reduction to its milk price for February supplies.

Generally weaker conditions have continued due to higher global milk supplies and fluctuating demand from dairy buyers.

Kerry Group is the latest processor to announce a 6c per litre cut to its milk price for February supplies.

The base price for February is 44c per litre including Vat at 3.3% protein and 3.6% butterfat. The base price for January milk was 50c per litre, having dropped also by 6c the month before.