Lakeland Dairies increases milk price for January

Lakeland Dairies has increased its milk price in Northern Ireland.

The Board of Lakeland Dairies has decided the co-operative’s milk price for January, with an increase of 0.8p/litre to 32.7p/litre.

In the Republic of Ireland, Lakeland Dairies has increased its milk price by one cent/litre to pay 41 cent/litre inclusive of lactose bonus and VAT, for milk at 3.6 per cent fat and 3.3 per cent protein.

There is a general stability at present in global dairy markets with a balance in supply and demand, positive trends in dairy commodities and improvements in consumer sentiment as economies continue their reopening.

Lakeland Dairies will continue to monitor market developments.