Lakeland lifts milk price to 41.4c/litre

The base price has increased by 1.5c/litre including the new 0.5c/litre sustainability incentive payment. 

A Lakeland spokesperson said that global dairy markets "remain in a delicate position with the supply/demand dynamic tentatively poised". 

Lakeland Dairies is the first processor to announce its price for February milk supplies.

A base price of 41.4c/litre (3.6% butterfat and 3.3% protein) will be paid for February milk in the Republic of Ireland.