Kerry price for milk supplies down 2c

"The short to medium-term outlook on commodity dairy continues bearish with little sign of any demand-side correction in the offing," according to a Kerry spokesperson.

Kerry Group's milk price for August supplies has been confirmed as 35c per litre, at 3.3% protein and 3.6% butterfat.

This consists of a base price of 32c per litre (Vat included), down 2c from last month's price, and a milk contract payment of 3c per litre on all qualifying milk volumes.