Milk producers call on processors to hold price

A lift in global dairy product returns has led to milk producers in Ireland calling on processors here to hold the price they will pay for August supplies.

Kerry Group has already decided to hold the August price at 26c/litre but Lakeland Dairies has cut its base price for the month by 0.75c/litre to 26.25c/litre.

The moves coincided with a 16.5% lift in the latest Global Dairy Trade index, the third consecutive increase since the middle of August.