The Board of Lakeland Dairies met today (13 June) and set a price for May milk.
A price of 31.28c/l (including VAT) has been agreed for milk supplied in May. The base price has been held from April.
In Northern Ireland, a price of 25.25p/l will be paid for May supplies. Again, the base price has been held.
Commenting on the price, the Co-op said: “There continues to be weakness in the European dairy markets driven by the persistently high volumes of product in stock, particularly in the UK. Official European butter prices have hit a four-year low in recent weeks.
“We will continue to closely monitor the market in order to extract the strongest prices for our farmers.”