LacPatrick Dairies has dropped its milk price by 1c/l for October, bringing the milk price to 29.4c/l excluding VAT.
Farmers supplying LacPatrick in Northern Ireland will receive 26.5p/l
“We are now very much in the midst of a severe downturn in the dairy markets which is on a par with 2016. The business we operate must reflect the realities of the market,” LacPatrick Dairies chair Andrew McConkey said.
ADVERTISEMENT
“We will continue to closely monitor the market in order to return the maximum possible price back to our farmers.”
Christmas cuts
The co-op also recently told staff that it will be cutting Christmas bonuses for staff, which would normally be worth two weeks’ wages to staff members.
In a statement read to staff at its three plants in Monaghan town, Ballyrashane and Artigarvan, LacPatrick said that “urgent measures” were needed to "reduce costs and support the survival of the business until the merger with Lakeland completes".
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
LacPatrick Dairies has dropped its milk price by 1c/l for October, bringing the milk price to 29.4c/l excluding VAT.
Farmers supplying LacPatrick in Northern Ireland will receive 26.5p/l
“We are now very much in the midst of a severe downturn in the dairy markets which is on a par with 2016. The business we operate must reflect the realities of the market,” LacPatrick Dairies chair Andrew McConkey said.
“We will continue to closely monitor the market in order to return the maximum possible price back to our farmers.”
Christmas cuts
The co-op also recently told staff that it will be cutting Christmas bonuses for staff, which would normally be worth two weeks’ wages to staff members.
In a statement read to staff at its three plants in Monaghan town, Ballyrashane and Artigarvan, LacPatrick said that “urgent measures” were needed to "reduce costs and support the survival of the business until the merger with Lakeland completes".
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS