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Lakeland Dairies has held its base milk price at 31.1c/l excluding VAT for October milk supplies.
A lactose bonus of 0.28c/l will also apply for October milk, bringing the effective milk price to 31.4c/l excluding VAT.
Global market
Lakeland Dairies noted that global dairy market conditions have become decidedly weaker in recent months.
Milk supplies have generally been strong and were up by 20% in October compared with the same time a year ago.
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