Lakeland already cut its base price by 0.75c/litre last month, in line with most other co-ops in the country.
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In an interview with the Irish Farmers Journal this week, Lakeland's chief executive Michael Hanley said that barring a weather event or feed crisis in a major producing region, we are "looking at a weak market for the next nine months".
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The board of Lakeland Dairies met on Thursday afternoon and agreed to cut its base farmgate price for July by 1c/litre to 27c/litre including VAT.
Lakeland already cut its base price by 0.75c/litre last month, in line with most other co-ops in the country.
In an interview with the Irish Farmers Journal this week, Lakeland's chief executive Michael Hanley said that barring a weather event or feed crisis in a major producing region, we are "looking at a weak market for the next nine months".
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