First processor confirms May milk price

It confirmed it will pay a base price of 41.9c/litre for milk in the Republic of Ireland. 

"While sentiment around global dairy markets has turned more positive in recent weeks, there is some uncertainty over the long-term activity of buyers in the market."

Lakeland Dairies has held its base milk price for a second month. 

It confirmed it will pay a base price of 41.9c/litre (3.6% butterfat and 3.3% protein) for May milk in the Republic of Ireland.