The board of Lakeland dairies has decided to hold its milk price for January. Suppliers will receive 30.4c/l excluding VAT for January supplies, at 3.6% butterfat and 3.3% protein. This is unchanged from the December price.

On Tuesday Glanbia was the first processor to announce its January milk price. It held at 30.4c/l excluding VAT, but included a 2c/l top-up which was funded partly by the co-op and partly by Glanbia Ireland.