Kinisla holds October milk price at 40.35c/L

For milk containing 3.4% protein and 4.2% butterfat, the EU standard composition, Kinisla’s October payment amounts to 44.18c/L, including VAT. The processor announced the rate for supplies delivered during October.

Calculated using the average milk solids in Kinisla’s October supplies, the return reaches 52.71c/L. That figure incorporates VAT as well as the processor’s quality and sustainability bonuses.

Commenting on dairy markets, a Kinisla spokesperson said butter prices remained under pressure, while markets for protein were firm. The spokesperson also identified energy prices as a continuing significant cost for the dairy industry.

Lakeland Dairies’ board had decided earlier in the week to leave its October milk price unchanged as well. For suppliers in the Republic of Ireland, its base payment is 39.7c/L for milk containing 3.6% butterfat and 3.3% protein. The rate incorporates a sustainability incentive of 0.5c/L.

For October deliveries in Northern Ireland, Lakeland Dairies will pay a base rate of 31.9p/L. Its Northern Ireland payment also incorporates the Sustainability Incentive Payment.