Lakeland Dairies holds February base milk price
The Lakeland Dairies Board has agreed the price for milk for the month of February.
A base price of 26.3p/l (at base solids) will be paid in Northern Ireland for milk supplied in February which is inclusive of the 0.5p/l Sustainability Incentive Payment. This is the same as the price paid in January.
To help and support farmers through the current market challenges, the Co-operative will pay a 1.75p/l input support. All farmers will also receive an out-of-season payment of 3p/l. This will bring the minimum price for milk to 31.05p/l.
A base price of 33.25c/l (3.6% butterfat and 3.3% protein) will be paid for February milk in the Republic of Ireland (ROI) which is inclusive of the 0.5c/l Sustainability Incentive Payment. This is the same as the price paid in January. The Co-operative will pay a 2c/l input support as well as the normal 2c/l early calving bonus. This will bring the minimum price for milk to 37.25c/l
Dairy markets continue to show signs of recovery, despite global milk flows remaining strong. The latest geopolitical conflict will impact both supply and demand. The extent of this will become clear in the coming weeks and months.
Lakeland Dairies says it will continue to monitor the markets and will endeavour to support farmers with the best milk price possible in line with market conditions.