Lakeland announces details of new fixed price scheme

Suppliers can lock in either 5% or 10% of their milk volumes.

The price contained in this fixed price scheme offers farmer suppliers a "competitive price based on current and future market projections and conditions", according to Lakeland.

Lakeland Dairies has announced the rolling out of a new voluntary fixed milk price scheme.

The scheme will run from January to December 2024, and allow Lakeland suppliers to lock in either 5% or 10% of their milk volumes based on 2022 volumes.