Lakeland Dairies reduces December milk price
The Lakeland Dairies Board has agreed the price for milk for the month of December.
A price of 26.3p/l (at base solids) will be paid in Northern Ireland for milk supplied in December which is inclusive of the 0.5p/l Sustainability Incentive Payment. This is a reduction of 2.5ppl on the price paid in November.
All farmers will also receive an out-of-season payment on top of the base price.
To support farmers through the current market challenges, the Co-operative will also pay a loyalty payment of 0.25p/l on all 2025 milk supplies in Northern Ireland and a bonus of 0.3c/l in the Republic of Ireland.
A price of 33.25c/l (3.6% butterfat and 3.3% protein) will be paid for December milk in the Republic of Ireland (ROI) which is inclusive of the 0.5c/l Sustainability Incentive Payment. This is a reduction of 3cpl on the price paid in November.
Unprecedented volumes of surplus milk continue to weigh on global markets following the surge in supply in recent months. This has led to increased inventories, impacting across all dairy commodities. Consumer demand remains behind supply due to global economic uncertainty and cost-of-living pressures. This combination continues to put pressure on farm gate prices.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.