Lakeland Dairies holds January base milk price and introduces input support
The Lakeland Dairies Board has agreed the price for milk for the month of January.
A base price of 26.3p/l (at base solids) will be paid in Northern Ireland for milk supplied in January which is inclusive of the 0.5p/l Sustainability Incentive Payment. This is the same as the price paid in December.
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 January 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 December. The co-operative will pay a 2c/l input support as well as the normal 1c/l early calving bonus. This will bring the minimum price for milk to 36.25c/l.
Following a period of significant weakness, global dairy markets have shown some tentative signs of stabilisation. That said, conditions remain unpredictable.
A spokesperson said Lakeland Dairies will continue to monitor the markets and will endeavour to support their farmers with the best milk price possible in line with market conditions.