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Lakeland Dairies has set their October milk price at 28.75c/l excluding VAT. This includes a lactose bonus.
Their September milk price was 28.49c/l excluding VAT.
In Northern Ireland, a price of 24.50p/l will be paid for October supplies.
Commenting on the price, the Co-op said:
“There has been some welcome stability in the global dairy markets in recent weeks. This stability comes after months of price falls for products, especially butter. There continues to be significant uncertainty for butter.
“Steady demand and easing in milk production in the main diary production markets is contributing to the price stability. However, uncertainties such as a lack of clarity on Brexit and ongoing global trade disputes need to be considered in the longer term.
“Lakeland Dairies will continue to monitor the market situation closely over the coming weeks.”
Glanbia
Glanbia has held its milk price at 27.5c/l excluding VAT for manufacturing milk at 3.6% fat and 3.3% protein supplied in October.
The Glanbia board has also decided to provide a 1c/l support payment for October milk supplies.
Glanbia chair Martin Keane said: “There has been a welcome improvement in the price of dairy proteins on global markets, while cheese is stable and the European butter market remains fragile.”
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