The Lakeland Dairies board has decided on a price for milk supplied in October with the base price increasing from the previous month.
A base price of 49.6c/L at constituents of 3.6% butterfat and 3.3% protein, will be paid for October milk in the Republic of Ireland (ROI) which is inclusive of the 0.5c/L Sustainability Incentive Payment.
The base price has increased by 0.6c/L from September.
In Northern Ireland (NI), a base price of 40.8p/L will be paid for milk supplied in October which is inclusive of the 0.5p/L Sustainability Incentive Payment. The base price has increased by 0.5p/L from September.
The global dairy markets, having strengthened through quarter three, have stabilised in recent weeks with the supply and demand dynamic largely in balance, according to the processor.
Lakeland Dairies said it will continue to monitor the markets and will endeavour to support its farmers as best it can.
Lakeland Dairies feed rebate
Last month, Lakeland Dairies also announced it would support its farm suppliers by introducing a dairy manufactured feed support initiative over the winter months.
The rebate is designed to support liquid and winter milk suppliers over the early and mid-lactation period. It is also to help spring-calving herds manage the winter dry period effectively.
It should also assist all herds to formulate balanced diets following a challenging growing season, Lakeland said.
The initiative will see a €30/t rebate applied to all Lakeland Dairies dairy manufactured feed purchased by milk suppliers during the four months of November 2024 through February 2025.
There are also rebates available for those purchasing straight feeds.
