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The Competition and Markets Authority have lifted their initial enforcement order on the expected merger between Irish co-ops Lakeland and LacPatrick, effectively enabling the two co-ops to progress the deal where it impacts CMA’s Northern Ireland jurisdiction. The order effectively stopped the two companies from carrying out any changes aimed at becoming one entity, although a concession was granted to allow the sale of powdered milk by LacPatrick to Lakeland. Approval has yet to be given by the Irish competitions authority, the Competition and Consumer Protection Commission. Their order is expected to remain in effect until they are satisfied that the merger should progress, likely to be mid-March.
Ornua’s Purchase Price Index in October was 106.5, down 3.5% from 110.4 in September (2010 average prices = 100). This translates to a farmgate milk price of 31.9c/litre including VAT, based on Ornua’s product purchase mix and assumed costs of 6.5c/litre.