Lakeland Dairies has held its base milk price at 31.1c/l excluding VAT for October milk supplies.

A lactose bonus of 0.28c/l will also apply for October milk, bringing the effective milk price to 31.4c/l excluding VAT.

Global market

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Lakeland Dairies noted that global dairy market conditions have become decidedly weaker in recent months.

Milk supplies have generally been strong and were up by 20% in October compared with the same time a year ago.

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