Lakeland Dairies increases May milk price
The Lakeland Dairies Board has agreed to increase the price for milk for the month of May by 0.5p/l.
A base price of 30.1p/l (at base solids) will be paid in Northern Ireland for milk supplied in May which is inclusive of the 0.5p/l Sustainability Incentive Payment.
A base price of 37.5c/l (3.6% butterfat and 3.3% protein) will be paid for May milk in the Republic of Ireland (ROI) which is inclusive of the 0.5c/l Sustainability Incentive Payment.
This is an increase of 0.5c/l.
While milk pricing is increasing, it is more a function of support rather than market conditions. Milk supply remains strong and continues to influence the market, while demand has weakened since last month. Powder and butter prices have eased slightly, and geopolitical factors continue to weigh on overall conditions.
Lakeland Dairies will continue to monitor the markets and will endeavour to support our farmers with the best milk price possible in line with market conditions.