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Aurivo was the final processor in NI to declare a price for November.
The west of Ireland-based co-op will hold on a base of 26.5p/l, plus a 2p/l winter bonus, bringing its suppliers to a starting price of 28.5p/l.
Across all processors, base prices in November averaged 28.66p/l, which is 1.15p/l higher than October, and the highest monthly average since the 29.06p/l paid in January 2018. Full analysis of November milk prices will be outlined in next week’s milk leagues.
Milk Pool
The NI milk pool has continued to grow, and DAERA statistics show it is up 1.8% across the first nine months of 2020 compared to the same period in 2019.
Milk sold off farm for processing totalled 1.88bn litres to September.
A 1.8% increase across all of 2020 would leave NI production at a new record high of 2.43bn litres.
South of the Irish border, milk production is estimated to hit 8.3bn litres for 2020, up 4.5% from 7.98bn litres in 2019.
New Entrants
There is still a significant number of farmers converting to dairying in NI, with an estimated 50 new entrants during 2020, similar to the previous year. Lakeland Dairies accounted for close on half of new start-ups, although all processors took on new suppliers this year.
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