Lakeland Dairies holds milk price for October milk supplies

Lakeland Dairies has held its base milk price at 32.78 cents per litre including VAT for October milk supplies.

A lactose bonus of 0.28 cpl will also apply for October milk, bringing the effective milk price to 33.06 cents per litre including VAT.

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 to the same time a year ago.