The Lakeland Dairies Board has agreed the price for milk for October.

In Northern Ireland, a price of 32.3p/l will be paid for milk supplied in October which is inclusive of the Sustainability Incentive Payment. This is a reduction of 3.5 ppl on the price paid in September.

A price of 40.25c/l (3.6% butterfat and 3.3% protein) will be paid for October milk in the Republic of Ireland which is also inclusive of the 0.5 c/l Sustainability Incentive Payment. This is a reduction of 4 cpl on the price paid in September.

Significant market pressure persists as global milk supplies continue to grow from an already strong base. Demand is struggling to keep up, which is impacting on butter, cheese and powder returns adding continued pressure on farm gate prices.

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.