Lakeland Dairies Maintains Milk Prices Amid Market Volatility
Source: The DairyNews
Lakeland Dairies has announced that the base price for milk supplied in April will remain unchanged from the previous month. The Republic of Ireland (ROI) suppliers will receive a base price of 41.9 cents per liter, reflecting standard contents of 3.6% butterfat and 3.3% protein. This price includes a 0.5 cent per liter Sustainability Incentive Payment and a 1 cent per liter Input Support Payment, bringing the total to 42.9 cents per liter.
In Northern Ireland (NI), the base price is set at 34.5 pence per liter, with additional payments comprising a 0.5 pence per liter Sustainability Incentive and a 0.8 pence per liter Input Support Payment, making the all-in price 35.3 pence per liter for April.
The cooperative highlighted that recent weather conditions have improved but acknowledged the challenges faced by farmers due to a tough spring. Despite a cautious market environment, with global and EU milk supplies still lagging behind last year but showing signs of narrowing gaps, Lakeland Dairies has reaffirmed its commitment to supporting its farmers amid fluctuating market conditions. The cooperative continues to monitor the markets closely, pledging ongoing support to its farmers.
The cooperative highlighted that recent weather conditions have improved but acknowledged the challenges faced by farmers due to a tough spring. Despite a cautious market environment, with global and EU milk supplies still lagging behind last year but showing signs of narrowing gaps, Lakeland Dairies has reaffirmed its commitment to supporting its farmers amid fluctuating market conditions. The cooperative continues to monitor the markets closely, pledging ongoing support to its farmers.
