Lakeland Dairies to pay 35.3p/l for May milk supplies

Suppliers in Northern Ireland (NI) will receive a base price of 34.5p/l (at base solids) for milk supplied in May. The base price has been held from last month and includes the 0.5p/l Sustainability Incentive Payment. A 0.8p/l Input Support Payment continues to be paid on top of the base price.

The all-in base price for NI suppliers is 35.3p/l for milk supplied in May.

A base price of 41.9/litre (3.6% butterfat and 3.3% protein) will be paid for May milk in the Republic of Ireland (ROI). The price has been held from last month and includes the 0.5c/l Sustainability Incentive Payment. A 1c/l Input Support Payment continues to be paid to all ROI suppliers. The all-in base price for suppliers in ROI is 42.9p/l for May.

A spokesperson stated: “Although weather conditions have improved and become more manageable in general, challenges around grazing and grass growth remain. Therefore, we have decided to maintain the input support payment to support our farmers at this time.

"While sentiment around global dairy markets have turned more positive in recent weeks, there is some uncertainty over the long-term activity of buyers in the market. Global supplies remain subdued which is the main determining factor in the recent volatility of the markets.

"Lakeland Dairies will continue to monitor the markets and will endeavour to support our farmers as best we can.”