Lakeland Dairies increases milk price for December
Global surge in the new variant of Covid-19 has had a “moderating effect” on economic activity.
The Board of Lakeland Dairies has decided the co-operative’s milk price for December.
In the Republic of Ireland, Lakeland Dairies has increased its milk price by 0.5 cent/litre to pay 40 cent/litre inclusive of lactose bonus and VAT, for milk at 3.6% fat and 3.3% protein.
In Northern Ireland, Lakeland Dairies has increased its milk price by 0.4 p/litre to 31.9p/litre.
Lakeland says the price increase comes as global dairy markets are “relatively strong” with a general balance in supply and demand worldwide and “strong demand” for product in Asia.
But they say that the recent global surge in the new variant of Covid-19 has had a “moderating effect” on economic activity across every continent including “disruption and restrictions” which have affected “normal global trading patterns and market trends” over several weeks.
“Lakeland Dairies will continue to monitor the market,” they conclude.