Lakeland Dairies increases milk price
The dairy supplier increased the milk proce by 1.15 cent per litre for December
The Lakeland Dairies Board has decided on a price for milk supplied in December with the base price increasing for all milk supplied.
A base price of 37.15 c/litre (3.6% butterfat and 3.3% protein) will be paid for December milk in the Republic of Ireland. The base price has increased by 1.15 c/l. Qualifying farmers will also receive a 5c/l out-of-season payment.
In Northern Ireland, a base price of 30.25 p/litre will be paid for milk supplied in December. The base price has increased by 1p/l plus the usual out-of-season payment of 3p/l.
As we face into 2024, the global dairy markets are more favourable but remain delicately poised. While there are some positive market indicators, particularly around milk supplies in key production regions, demand uncertainty remains. Lakeland Dairies will continue to monitor the markets closely in the time ahead.