Tirlán and Aurivo have confirmed their respective base prices for October supplies, with both processors opting for no changes.
It means that for the second month in succession, there is a price freeze from all processors, although winter bonus payments are available in certain instances.
Tirlán remains on a combined base of 47.15p/l across its various top-up payments.
In the case of Aurivo, its base price is unchanged at 46.5p/l. However, the west of Ireland processor pays a 2p/l winter bonus on October milk, which puts suppliers on a starting price of 48.5p/l. This price is bettered only by Dale Farm on 49.05p/l.
Aurivo has also confirmed changes to its winter bonus. In recent years it paid 2p/l in October and November, which reduced to 1p/l in December and January. The December and January bonuses will now be 2p/l.
Full analysis on Ocotober milk prices will feature in next week’s milk league.
Meanwhile, despite a positive outcome at last week’s GDT auction, the UFU milk price indicator (MPI) continues to trend downwards.
The latest MPI stands at 43.3p/l, down 1.1p/l from the previous figure published last month.
However, some analysts are forecasting that commodity markets could steady in the weeks ahead as supply in New Zealand passes peak production.