Farmers will receive the increase for April supplies right through to December 2022 supplies.
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Lakeland Dairies has increased the milk price it pays on existing fixed milk contracts by 8c/l in the Republic of Ireland and 7p/l in Northern Ireland.
Farmer suppliers will receive the supplementary payment for milk supplied in April 2022 until December 2022.
This is to help alleviate the prolonged on-farm cost squeeze for farmers engaged in these contracts, as severe inflationary pressures on feed and fertiliser continue to bite, a spokesperson said in a statement.
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Lakeland Dairies added that the supplementary initiative is underpinned by market support from its customers and is intended to assist in currently unprecedented market conditions.
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Lakeland Dairies has increased the milk price it pays on existing fixed milk contracts by 8c/l in the Republic of Ireland and 7p/l in Northern Ireland.
Farmer suppliers will receive the supplementary payment for milk supplied in April 2022 until December 2022.
This is to help alleviate the prolonged on-farm cost squeeze for farmers engaged in these contracts, as severe inflationary pressures on feed and fertiliser continue to bite, a spokesperson said in a statement.
Lakeland Dairies added that the supplementary initiative is underpinned by market support from its customers and is intended to assist in currently unprecedented market conditions.
If you would like to speak to a member of our team, please call us on 01-4199525.
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