Kinisla has announced its milk price for supplies in September.

The price has been set at 40.35c/L (VAT inclusive) including quality and sustainability bonuses.

This is an increase on the price for August, which was 39.6c/L.

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

Based on Kinisla’s average milk solids for September, the milk price return inclusive of VAT, quality and sustainability bonuses is 49.69c/L.

Kinisla said that milk production growth across the major dairy exporting regions continues to slow.

"Demand for dairy protein continues to provide support for milk pricing," it added.

Lakeland milk price

Lakeland Dairies also this week confirmed the price for milk for the month of September.

According to the co-op its board has agreed to increase the price for September milk.

A base price of 39.7c/L - based on 3.6% butterfat and 3.3% protein - will be paid for September milk in the Republic of Ireland.

This is inclusive of the 0.5c/L Sustainability Incentive Payment.

The processor paid a base milk price of 39.1c/L for August milk.

The September milk price represents an increase of 0.6c/L.

In Northern Ireland Lakeland Dairies will pay a base price of 31.9p/L for milk supplied in September which is also inclusive of the Sustainability Incentive Payment.

This represents an increase of 0.5p/L on the price paid for August milk.