The co-op will pay 3.4c/l excluding VAT, more than that of February supplies for March.
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Lakeland Dairies has increased its milk price by 3.4c/l from February, paying 44.6c/l excluding VAT for March supplies.
This price is inclusive of the lactose bonus for milk at 3.6% fat and 3.3% protein.
On average, the Lakeland Dairies payout in the Republic of Ireland will be over 47.65c/l, excluding VAT, for March milk.
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A spokesperson for the co-op said that dairy markets remain stable, underpinned by moderate levels of supply in key dairy producing regions, with solid demand in key markets.
The spokesperson also noted how on-farm and dairy processing costs have increased significantly on every front.
Lakeland Dairies said it will continue to monitor market developments.
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Lakeland Dairies has increased its milk price by 3.4c/l from February, paying 44.6c/l excluding VAT for March supplies.
This price is inclusive of the lactose bonus for milk at 3.6% fat and 3.3% protein.
On average, the Lakeland Dairies payout in the Republic of Ireland will be over 47.65c/l, excluding VAT, for March milk.
A spokesperson for the co-op said that dairy markets remain stable, underpinned by moderate levels of supply in key dairy producing regions, with solid demand in key markets.
The spokesperson also noted how on-farm and dairy processing costs have increased significantly on every front.
Lakeland Dairies said it will continue to monitor market developments.
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