Lakeland Dairies maintains current milk price level for October

The Board of Lakeland Dairies has decided the co-operative's milk price for October.

In Northern Ireland, Lakeland Dairies has maintained the price of 47.5 p/litre. This includes an Input Support Payment of 1.5 p/litre.In Northern Ireland, all fixed milk price contracts will receive a 7 p/litre supplementary payment, plus the additional 1.5 p/litre Input Support Payment.In the Republic of Ireland, Lakeland Dairies has maintained the price of 58.85 cent/litre inclusive of VAT, for milk at 3.6 per cent fat and 3.3 per cent protein.This includes a supplementary Input Support Payment of 1.5 cent/litre, inclusive of VAT, for all suppliers, including fixed milk price contracts.In ROI, all fixed milk price contracts will receive an 8 c/litre supplementary payment, plus the additional 1.5 c/litre Input Support Payment.Global dairy markets , including Asian markets, have remained under growing pressure in recent months with prices and demand both weakening very significantly in the past month.

Lakeland Dairies maintains current milk price level for October.