The board of LacPatrick Dairies has agreed to hold the price for milk supplied in December both in the Republic of Ireland and Northern Ireland.
The board of LacPatrick Dairies met on Monday 22 January and held the price at 29.45p/litre in Northern Ireland and 35.75c/l (including VAT) for suppliers in the Republic of Ireland.
The prices include a 0.2p/l Red Tractor bonus in Northern Ireland and a 0.25c/l Sustainable Dairy Assurance Scheme (SDAS) bonus in the Republic of Ireland. Suppliers in Northern Ireland also receive a conditional 1p/l winter bonus on top of the base price while Republic of Ireland suppliers receive a conditional 3c/l winter bonus.
LacPatrick Dairies chairman Andrew McConkey warned that weakness in the global dairy markets continues to be a concern.
“We are happy to be able to show this commitment to all our suppliers by holding the price again for December,” the Newbliss, Co Monaghan farmer said.
“However, there are difficulties ahead. We are facing into what is likely to be a challenging year in terms of milk price with the global market lagging well behind current milk prices.
“As always, we will continue to closely monitor the situation and we commit to return the highest possible price to our suppliers,” McConkey said.