Lakeland Dairies holds October milk base price
The Lakeland Dairies Board has agreed to hold the price for milk for the month of October.
A base price of 31.9p/l (at base solids) will be paid in Northern Ireland for milk supplied in October which is inclusive of the 0.5p/l Sustainability Incentive Payment.
A base price of 39.7c/l (3.6% butterfat and 3.3% protein) will be paid for October milk in the Republic of Ireland (ROI) which is inclusive of the 0.5c/l Sustainability Incentive Payment.
While there have been some movements in individual product prices across the month, overall dairy market returns have been relatively stable across the same period.
Lakeland Dairies will continue to monitor the markets and will endeavour to support our farmers with the best milk price possible in line with market conditions.
Feed Support
To help support our milk suppliers over the winter months, Lakeland Dairies is introducing a feed support initiative. Under this scheme, a rebate of £17/t will be applied to all Lakeland Dairies retail dairy feed purchases made by milk suppliers during December, January and February.
The initiative is designed to reward milk suppliers who trade with the Co-Op and support Lakeland Dairies suppliers with the cost of producing winter milk.
Terms and conditions will apply and farmers seeking further information are encouraged to contact their local Lakeland Dairies Agribusiness representative.