Kerry Creameries Limited has announced it will pay an additional 0.88 cent per litre on milk solids supplied under its Milk Supply Contract in 2024.
This is inclusive of VAT and based on Kerry's average solids, but exclusive of milk solids supplied under Forward Price Schemes.
Kerry Dairy Ireland says the increase follows consultations with the board of Kerry Co-Operative Creameries Limited.
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The total additional payment to milk suppliers is expected to amount to €10.3 million.
