Dale Farm has announced a 0.5p/l price cut on milk for February, which brings Northern Ireland’s largest dairy processor to a base price of 26p/l and includes the 0.3p/l loyalty bonus for co-op members.
This follows Lakeland Dairies' announcement on Monday that it also cut its milk price for February. Lakeland will apply a price cut of 0.75p/l, bringing the co-op’s NI base price to 25.75p/l for last month.
The Lakeland price cut sparked a negative reaction from the UFU, after the co-op held its price in the Republic of Ireland at 30.4c/l, excluding VAT. When applying current exchange rates, this converts to 25.84p/l.
Strathroy has left its price unchanged at 27.5p/l for February, with the outlined price inclusive of a 1p/l winter bonus payment.
For full details on milk pricing, see this week’s Irish Farmers Journal.