Lakeland Dairies increases milk price for November

The Board of Lakeland Dairies has increased the co-operative’s milk price for November

In the Republic of Ireland, Lakeland Dairies has increased its milk price by 1.22 cent per litre and will pay a base milk price of 39.22 cpl, including VAT, for milk at 3.6% fat and 3.3% protein.

In Northern Ireland, Lakeland Dairies has increased its milk price by 1 pence per litre and will pay a milk price of 31.5p/litre.

Global dairy markets remain stable with currently reliable levels of demand overall and a lower rate of growth in supply from the main dairy producing regions. Strong demand and consumption in Asia continues to be a positive factor.

Lakeland Dairies will continue to monitor the mar­ket closely in the coming weeks.