Lakeland Dairies increases milk price for July

The Lakeland Dairies Board has increased its base price to 45.25c per litre for the month of the July on the back of a strong performance on global dairy markets.

A base price of 45.25c/l (3.6% butterfat and 3.3% protein) will be paid for July milk in the Republic of Ireland (ROI). The rate is inclusive of the 0.5c/l Sustainability Incentive Payment. It represents an increase of 1.75c/l from last month.

In Northern Ireland (NI), a base price of 37.3p/litre will be paid for milk supplied in the period. That too is inclusive of the Sustainability Incentive Payment. The base price there has increased by 1.5p/l from last month.

Commenting on the increases, a spokesperson said: “The global dairy market returns have improved month-on-month with butter markets in particular showing increased returns from last month.

“Lakeland Dairies will continue to monitor the markets and will endeavour to support our farmers as best we can.

The spokesperson concluded: “If they have not done so already, we are encouraging farmers to carry out a fodder survey to get an accurate picture of feed stocks on their farm. If deficits have been identified, we are strongly advising farmers to take action. Our Member Relations as well as Agribusiness advisors are ready to help and support farmers where necessary.”

Farmer owned Lakeland Dairies collects over two billion litres of milk from 3,200 farm families across 16 counties in Northern Ireland and the Republic of Ireland.