Lakeland Dairies sets milk price for February
Lakeland Dairies has announced a milk price for February supplies with the base price being held.
Suppliers in Northern Ireland will receive a base price of 25.25p/litre.
In the Republic of Ireland, a price of 31.81c/l (including VAT and Lactose bonus) has been agreed for milk supplied February. Again, the price has been held.
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Commenting on the price, the Co-op said: “Overall, the global dairy markets continue to be extremely volatile with consumption as well as transport and logistical networks severely affected as a result of the Coronavirus fallout.
“Returns for most products are under pressure too.
“Lakeland Dairies will continue to monitor the market situation closely over the coming weeks.”