Lakeland has announced a hold in milk price. The price is 29.7c/l excluding VAT for standard constituents of milk.

The board of Lakeland Dairies met on Wednesday this week.

In Northern Ireland, a price of 25.25p/l will be paid for June supplies.

Commenting on the price, the Co-op said: "While supply in many of the large milk production regions remains subdued, there continues to be weakness in the global dairy markets. In particular, butter prices are under increasingly downward pressure.

“With butter prices at four-year lows, the co-op will continue to monitor the market closely.”