Kerry Dairy Ireland has dropped its July milk price by 1 c/l.
The milk processor will pay 49.03 c/l for milk supplied in July including quality and sustainability bonuses.
Based on the average milk solids supplied to Kerry Dairy Ireland last month, the average milk price inclusive of VAT and bonuses is 53.32 c/l.
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In it's monthly milk statement, it reports downward pressure on commodity prices because of relatively strong milk output outpacing demand globally.
At EU standard constituents (3.40%protein, 4.20% butterfat), the KDI milk price is 53.57c/l including VAT.
