Lakeland Dairies is holding its base milk price for December at 26.25c/l, a co-op representative told the Irish Farmers Journal.

Lakeland is the first co-op to set its base price for the month. It has held this base price since last August.

Global Dairy Trade

The GDT index dropped by 1.6% at last week’s auction in New Zealand to leave the average dairy product price at $2,458/t – the same as the last auction price.

There were 166 participating bidders in the auction, with 25,671t of quantity sold. The average price for product was $2,458/t.

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First dairy auction of 2016 drops slightly

Milk price supported by €100m in 2015