LacPatrick Dairies sets milk price for October

Patrick DonohoeGeneral News

The board of LacPatrick Dairies has met today (20 November) to set a price for October milk.
Suppliers in the Republic of Ireland will receive at price of 31c/l (including VAT) for milk supplied in October.
Suppliers in Northern Ireland will receive a price of 26.5p/l for milk supplied in October.
‘Sustainable business’
Commenting on the October milk price, LacPatrick Dairies chairman Andrew McConkey said:
“The board and management of LacPatrick are committed to running the LacPatrick business in a profitable and sustainable manner. The co-op must return the maximum milk price to our farmer suppliers and this can only be done by being as efficient as possible.
“We are now very much in the midst of a severe downturn in the dairy markets which is on a par with 2016. The business we operate must reflect the realities of the market.
“We will continue to closely monitor the market in order to return the maximum possible price back to our farmers.,” he said.