Dairygold has become the latest processor to hold its milk price for October supplies today (Thursday, November 17).

The processor has maintained the base figure of 57.5c/L based on standard constituents of 3.3% protein and 3.6% butterfat, inclusive of bonuses and VAT.

On average this equates to a farm-gate milk price of 74.9c/L based on average October milk solids provided by Dairygold milk suppliers.

On EU standard constituents of 3.4% protein and 4.2% butterfat the price is 62.7c/L, according to Dairygold.

"The Dairygold board will continue to monitor markets closely and review milk price on a month-by-month basis," a Dairygold spokesperson commented.

Dairygold's announcement to maintain its base price for October supplies follows a trend of processors holding their milk prices.

Kerry Group will continue to pay its suppliers 56c/L including VAT at constituents of 3.3% protein and 3.6% butterfat.

Kerry will also pay an additional 1c/L, including VAT and based on standard constituents on October volumes as part of its contractual commitment.

An ex-gratia payment of 1c/L, including VAT and based on standard constituents, will also be made on milk volumes supplied under fixed price contracts in October.

Tirlán will pay an overall price of 58.08c/L for last month’s milk based on contents of 3.6% butterfat and 3.3% protein. This overall price is broken down as follows:

As the first processor to announce a price for milk supplied in October, Lakeland Dairies confirmed that it is continuing to hold its current milk price level of 58.85c/L, inclusive of VAT, for milk at 3.6% fat and 3.3% protein.

Lakeland said that this includes the supplementary input support payment of 1.5c/L, inclusive of VAT, for all suppliers, including those with fixed milk-price contracts.