The chief executive of Lakeland Dairies Colin Kelly has said that the co-op expects “positive” dairy markets will deliver a base milk price of between 44.72c/l to 46.15c/l (excluding VAT) at peak supply in 2025.The CEO put the price impact of a rebound in butter markets at between 1c/l and 1.5c/l higher than his peak milk price outlook would have been four weeks ago.