Kinisla follows Lakeland Dairies in holding October milk price

Kinisla has set its suppliers’ base October milk price at 38.61c/l excluding VAT, but including quality and sustainability bonuses.

The milk price equates to 42.28c/l ex-VAT at EU standard constituents of 3.40% protein and 4.20% fat.

Kinisla has said that its suppliers are in line to receive 50.44c/l excluding VAT at average milk pool solids for October.

“Dairy market trends continue, with butter prices under pressure and protein markets holding firm,” a Kinisla spokesperson said.

“Energy prices remain a significant cost factor across the dairy industry.”

Kinisla’s holding of September’s milk price into October comes after Lakeland Dairies announced that its October milk cheques would feature the same price as the previous month’s did.