Lakeland Dairies increase their milk price

The Lakeland Dairies Board has agreed to a milk price increase of 0.75cpl

Milk powder markets strengthening in the last month have been offset by weaker returns elsewhere.

The April milk price for Lakeland Dairies’ suppliers will increase by 0.75cpl.

The board agreed to a base price of 37cpl based on 3.6% butterfat and 3.3% protein to be paid for the April milk supply.

This price is inclusive of the 0.5cpl Sustainability Incentive Payment.

In Northern Ireland, a base price of 29.60 pence per litre (ppl) will be paid for milk supplied in April, which is also inclusive of the Sustainability Incentive Payment. This is an increase of 0.75ppl.

A spokesperson for Lakeland Dairies said: “Generally, the market remains similar to last month as global supply continues to outpace demand and ongoing geopolitical tensions continue to bring uncertainty.

"Positively, powder markets have strengthened over the last month but have been somewhat offset by weaker returns from butter and other fat products.” 

The co-op has said it will continue to monitor the situation closely.