On average, the Lakeland Dairies pay out in ROI will be over 47.19 cent/litre for February milk. In Northern Ireland, Lakeland Dairies has increased its milk price by 2 p/litre to 34.7 p/litre.
On average, Lakeland Dairies will pay out over 36.75 pence/litre for February milk in Northern Ireland including adjustments for constituents and quality and volume bonuses.
Dairy markets maintained a positive balance between supply and demand, with a moderation in supplies from other main dairy producing regions.
All dairy markets are good however on-farm and factory processing costs have increased significantly. Lakeland Dairies said it will continue to monitor market developments.
