Lakeland announces April milk price

The Board of Lakeland Dairies has decided the co-operative’s milk price for April.

In Northern Ireland, the co-operative will pay the same 29p/litre as paid in March which includes a 1p/litre unconditional bonus.

In the Republic of Ireland, Lakeland Dairies will pay the same price of 35.40 cpl for April milk as it paid in March. This is inclusive of VAT and a 1 cent unconditional bonus for all April milk at 3.6% fat and 3.3% protein).

The markets have stabilised and remain in balance as demand currently matches milk output across the globe. Overall, there is a general stability across the main commodity segments. Conditions in the foodservice sector have started to improve on a tentative basis as lockdowns are eased and vaccine rollout continues.

Lakeland Dairies says it will continue to monitor the market closely in the coming weeks.