Lakeland Dairies raises milk price above 57c per litre 

On average, the co-op said it expects to pay out 60.6 cent per litre for July milk.

In a statement, Lakelands Dairies said: "The ongoing buoyancy in dairy markets is starting to level off."

Lakeland Dairies has become the first Irish co-op to set its milk price above 57c per litre.

The co-op has increased its milk price to 57.35 cent per litre inclusive of VAT, for milk at 3.6% fat and 3.3% protein.