Lakeland Dairies increases milk price for November

The board of Lakeland Dairies has increased the co-operative’s milk price for November by one pence in Northern Ireland.

Lakeland Dairies will pay a milk price of 31.5p/litre.

In the Republic of Ireland, Lakeland Dairies has increased its milk price by 1.22 cent per litre and will pay a base milk price of 39.22cpl, including VAT, for milk at 3.6 per cent fat and 3.3 per cent protein.

Global dairy markets remain stable with currently reliable levels of demand overall and a lower rate of growth in supply from the main dairy producing regions.

Strong demand and consumption in Asia continues to be a positive factor.

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