Lakeland Dairies has held its base milk price at 31.10c/l, excluding VAT, for September milk supplies.

A lactose bonus of 0.26c/l, excluding VAT, will also apply for September milk, bringing the effective milk price to 31.36c/l excluding VAT.

Lakeland Dairies noted that market demand has weakened for butter and milk powder.

A supplies are generally strong at present and are up by over 10% in the current month compared to the same time a year ago, a spokesperson for Lakeland Dairies said.

Lakeland is the first processor to set a price for September milk, with Glanbia to set its September price at a board meeting on Friday.

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