Dale Farm and Glanbia Cheese lift milk price for February

Two of Northern Ireland's leading milk processors Dale Farm and Glanbia Cheese have increased their milk prices for February.

15 March 2021

Two of Northern Ireland's leading milk processors Dale Farm and Glanbia Cheese have increased their milk price for February.

Dale Farm has increased its milk price for February.

A 1p/l increase brings it base to 28.55p/l, which includes the co-op’s 0.3p/l loyalty payment.

The February increase is the second month in succession that Dale Farm has raised its base by 1p/l and comes on the back of improved market returns.

Glanbia Cheese is also adding 1p/l to its base price for February, putting its suppliers on a starting price of 28p/l.

Last week, Lakeland Dairies announced a 0.7p/l increase for its NI suppliers.

This puts its base on 28.25p/l and includes the co-op’s 1p/l bonus payment for the fourth month is a row.

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Dale Farm has moved to reward the farmer to further flatten the milk curve, and I presume to increase volumes processed on an annual basis.

A £70m investment will add an additional 20,000t of cheddar capacity at Dunmanbridge.

Buyers remain cautious and the market has been a little more volatile over the past month as a result, Lakeland Dairies said.

Rabobank says cautious spending on the part of European consumers has led to predictions of flat demand this year.