Kinisla holds October milk price at 40.35c/L
Irish dairy processor Kinisla will pay 40.35c/L for milk supplied in October, the same as for September. Lakeland Dairies has also held its price.
Irish dairy processor Kinisla confirmed on Friday, November 13, the price it will pay farmers for milk supplied during October. The price has been set at 40.35c/L, including VAT as well as quality and sustainability bonuses. It matches the September price, so suppliers see no change.
At EU standard constituents of 3.4% protein and 4.2% butterfat, the price works out at 44.18c/L including VAT. Based on the average milk solids in Kinisla's October supplies, the return including VAT and the bonuses is 52.71c/L.
Market conditions
A company spokesperson said dairy market trends are continuing, with butter prices under pressure while protein markets are holding firm. The spokesperson also noted that energy prices remain a significant cost factor across the dairy industry.
Lakeland Dairies decision
Earlier in the week, the board of another Irish processor, Lakeland Dairies, also agreed to keep its October milk price unchanged. In the Republic of Ireland, it will pay a base price of 39.7c/L, based on standard constituents of 3.6% butterfat and 3.3% protein. Lakeland said the figure includes a 0.5c/L Sustainability Incentive Payment.
In Northern Ireland, a base price of 31.9p/L will be paid for October milk, which likewise includes the Sustainability Incentive Payment.
