Lakeland Dairies holds milk price for September

Market has shown some tentative signs of improvement in recent weeks.

The Lakeland Dairies Board has decided on a price for milk supplied in September.

A base price of 34c/litre (3.6% butterfat and 3.3% protein) will be paid for September milk in the Republic of Ireland.

The base price is unchanged from the price paid in August.

In Northern Ireland, a base price of 27.25p/litre will be paid for milk supplied in September.

Again, the base price has been held for September supplies.

A spokesperson for Lakeland said: "While sentiment in the global dairy market has shown some tentative signs of improvement in recent weeks, there has been little in the way of increased activity with buyers continuing to take a reserved position. We are entering a crucial demand period for dairy, against a backdrop of New Zealand approaching its peak milk supply months."

They added that Lakeland Dairies will "continue to monitor the markets closely in the time ahead."