Lakeland Dairies increases April milk price
The Lakeland Dairies Board has agreed to increase the price for milk for the month of April by 0.75p/l.
A base price of 29.60p/l (at base solids) will be paid in Northern Ireland for milk supplied in April which is inclusive of the 0.5p/l Sustainability Incentive Payment.
A base price of 37c/l (3.6% butterfat and 3.3% protein) will be paid for April milk in the Republic of Ireland (ROI) which is inclusive of the 0.5c/l Sustainability Incentive Payment. This is an increase of 0.75c/l.
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.
Lakeland Dairies will continue to monitor the markets and will endeavour to support it’s farmers with the best milk price possible in line with market conditions.