Lakeland Dairies holds base milk price for October supplies
Lakeland Dairies, a dairy processor operating in the Republic of Ireland and Northern Ireland, will keep its base milk price unchanged for October supplies. It has also introduced a winter feed rebate for its milk suppliers.
Dairy processor Lakeland Dairies, which buys milk from farmers in the Republic of Ireland and Northern Ireland, said on 10 November that its board has agreed to hold the milk price for October supplies. The decision matters to supplier farmers, as it determines their milk income heading into winter.
In the Republic of Ireland, the base price for October milk will be 39.7 cents per litre, based on standard constituents of 3.6% butterfat and 3.3% protein. In Northern Ireland, the base price is 31.9 pence per litre. Both figures already include a 0.5 cent per litre Sustainability Incentive Payment.
Market assessment
A spokesperson for the company said there had been some movement in individual product prices over the month, but overall dairy market returns remained relatively stable. Lakeland Dairies will keep monitoring the markets and will try to support farmers with the best milk price possible in line with market conditions.
Winter feed support
The co-op has also confirmed a feed support initiative to help its milk suppliers through the winter months. A rebate of €20 per tonne will apply to all retail dairy feed purchases made from Lakeland Dairies by milk suppliers in December, January and February.
The spokesperson said the scheme is meant to reward suppliers who trade with the co-op and to help with the cost of producing winter milk. Terms and conditions apply, and farmers wanting more information are encouraged to contact their local agribusiness representative.
