“The global dairy markets, having strengthened through quarter three, have stabilised in recent weeks with the supply and demand dynamic largely in balance," Lakeland Dairies said.
This price rise also comes with a 0.5c/l sustainability incentive payment. \ Philip Doyle
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Lakeland Dairies has announced an increase for its October milk price.
The Lakeland Dairies board has lifted its base milk price to 47.33c/l, excluding VAT, for milk supplied last month in the Republic of Ireland with 3.6% butterfat and 3.3% protein.
This is including a 0.5c/l sustainability incentive payment, which marks a 0.57c/l increase on its price compared with the previous month, excluding VAT.
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The price boost comes on the back of a 2.39c/l lift in the September milk price and a 1.19c/l rise the previous month, both excluding VAT.
Meanwhile, for suppliers in Northern Ireland, 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.
Compared with the price in September, this is a 0.5p/l rise.
A spokesperson for Lakeland Dairies said: “The global dairy markets, having strengthened through quarter three, have stabilised in recent weeks with the supply and demand dynamic largely in balance.”
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Title: Small increase in Lakeland Dairies’ milk price
“The global dairy markets, having strengthened through quarter three, have stabilised in recent weeks with the supply and demand dynamic largely in balance," Lakeland Dairies said.
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Lakeland Dairies has announced an increase for its October milk price.
The Lakeland Dairies board has lifted its base milk price to 47.33c/l, excluding VAT, for milk supplied last month in the Republic of Ireland with 3.6% butterfat and 3.3% protein.
This is including a 0.5c/l sustainability incentive payment, which marks a 0.57c/l increase on its price compared with the previous month, excluding VAT.
The price boost comes on the back of a 2.39c/l lift in the September milk price and a 1.19c/l rise the previous month, both excluding VAT.
Meanwhile, for suppliers in Northern Ireland, 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.
Compared with the price in September, this is a 0.5p/l rise.
A spokesperson for Lakeland Dairies said: “The global dairy markets, having strengthened through quarter three, have stabilised in recent weeks with the supply and demand dynamic largely in balance.”
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