Processors hold September milk prices

"This is against a backdrop of early, but promising signals in the marketplace of a rebound in commodity prices."

Irish Creamery Milk Suppliers Association dairy chairman Noel Murphy told the Irish Examiner that it has been a “very difficult” year for farmers overall, with fears of them operating “below the cost of production”.

Processors’ announcements of held milk prices are being welcomed by farmers after a year of severe cuts.

Lakeland Dairies was the first to confirm its price for September milk, which remains unchanged from August, at 34c/litre.