Lakeland Dairies increases August milk price
The Lakeland Dairies Board has agreed to increase price for milk for the month of August.
A base price of 31.4p/l (at base solids) will be paid in Northern Ireland for milk supplied in August which is inclusive of the 0.5p/l Sustainability Incentive Payment. This is an increase of 0.5p/l.
A base price of 39.1c/l (3.6% butterfat and 3.3% protein) will be paid for July milk in the Republic of Ireland (ROI) which is inclusive of the 0.5c/l Sustainability Incentive Payment. This is an increase of 0.6c/l.
The market continued to improve throughout the month. Global milk production remains high but the rate of growth is slowing. This will help to bring a better balance between supply and demand in the months ahead.
Lakeland Dairies says it will continue to monitor the markets and will endeavour to support our farmers with the best milk price possible in line with market conditions.