Lakeland Dairies increases July milk price
The Lakeland Dairies Board has agreed to increase price for milk for the month of July.
A base price of 30.9p/l (at base solids) will be paid in Northern Ireland for milk supplied in July which is inclusive of the 0.5p/l Sustainability Incentive Payment. This is an increase of 0.8p/l.
A base price of 38.5c/l (3.6% butterfat and 3.3% protein) will be paid for July milk in the Republic of Ireland (ROI) which is inclusive of the 0.5c/l Sustainability Incentive Payment. This is an increase of 1c/l.
The market has improved marginally versus last month. Milk supply growth is easing somewhat, particularly in Europe where summer temperatures have impacted. If supply continues to slow, this will support a more positive market environment as the year progresses.
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.