Lakeland Dairies drops July milk price

The Lakeland Dairies Board has agreed the price for milk for July.

A price of 48.25c/l (3.6% butterfat and 3.3% protein) will be paid for July milk in the Republic of Ireland (ROI) which is inclusive of the 0.5c/l Sustainability Incentive Payment.

This is a reduction of 1 cpl on the price paid in June.

In Northern Ireland (NI), a price of 39.3p/litre will be paid for milk supplied in July which is also inclusive of the Sustainability Incentive Payment.

This again represents a reduction of 1 ppl on the price paid in June.

A spokesperson for Lakeland said that market prices have "declined over the last three to four weeks", a trend "driven by a steady increase in global milk supplies and softening demand amid ongoing trade and geopolitical tensions."

They added that Lakeland Dairies "will continue to monitor the markets and will endeavour to support our farmers with the best milk price possible in line with market conditions."