Lakeland holds base price for May milk

However, the processor has also confirmed the discontinuation of the monthly input support payment of 1.5c per litre.

A Lakeland spokesperson said that the rate of growth in global milk supply is slowing, but it still exceeds demand. 

Lakeland Dairies has confirmed its price for May milk supplies.

In the Republic of Ireland, Lakeland has held the base price at 37.35c per litre, inclusive of Vat, for milk at 3.6% fat and 3.3% protein.