In the Republic of Ireland, Lakeland Dairies has increased its milk price by 3.6 cent/litre to pay 47.1 cent/litre inclusive of lactose bonus and VAT, for milk at 3.6% fat and 3.3% protein.
On average, the Lakeland Dairies pay out in ROI will be over 50.28 cent/litre for March milk. In Northern Ireland, Lakeland Dairies has increased its milk price by 2.8 p/litre to 37.5 p/litre.
On average, Lakeland Dairies will pay out over 39 pence/litre for March milk in Northern Ireland including adjustments for constituents and quality and volume bonuses.
Dairy markets continue to be stable underpinned by moderate levels of supply in key dairy producing regions and solid demand in key markets. On-farm and dairy processing costs have increased significantly on every front.
Lakeland Dairies said it will continue to monitor market developments.
