Kinisla has today (Friday, November 13) confirmed the price it will pay for milk supplied during October.

The processor said the milk price for October has been set at 40.35c/L, including VAT, quality and sustainability bonuses.

This price is unchanged from that paid by Kinisla for September supplies.

At EU standard constituents of 3.4% protein and 4.2% butterfat, this equates to 44.18c/L (VAT inclusive).

Kinisla

Based on Kinisla’s average milk solids for October, the milk price return inclusive of VAT, quality and sustainability bonuses is 52.71c/L.

In a statement, a spokesperson for Kinisla said: "Dairy market trends continue, with butter prices under pressure and protein markets holding firm.

"Energy prices remain a significant cost factor across the dairy industry".

Milk price

Earlier this week, the Lakeland Dairies board also agreed to hold the price for milk for the month of October.

The processor will pay a base milk price of 39.7c/L (based on standard constituents of 3.6% butterfat and 3.3% protein)for October milk in the Republic of Ireland.

Lakeland said that this price is inclusive of the 0.5c/L Sustainability Incentive Payment.

In Northern Ireland, a base price of 31.9p/L will be paid for milk supplied in October which is also inclusive of the Sustainability Incentive Payment.