Stable markets see Lakelands hold milk prices
Conditions in the foodservice sector have started to improve on a tentative basis as lockdowns are eased, say Lakeland
Stable global milk markets have seen Lakeland Dairies keep the price per litre for April unchanged from the previous month.
The Board of Lakeland Dairies today announced they will pay the same price of 35.40 cpl for April milk as it paid in March to suppliers in the Republic. This is inclusive of VAT and a 1 cent unconditional bonus for all April milk at 3.6% fat and 3.3% protein).
In the North, the co-operative have also retained the March payment at 29p/l, which includes a 1p/litre unconditional bonus.
A Lakeland Dairies spokesperson outlined: "The markets have stabilised and remain in balance as demand currently matches milk output across the globe. Overall, there is a general stability across the main commodity segments. Conditions in the foodservice sector have started to improve on a tentative basis as lockdowns are eased and vaccine rollout continues."