Following a board meeting, Lakeland Dairies has announced a price of 32.5c/l ex VAT at 3.3% protein and 3.6% fat for March milk supplies.
March milk cheques will contain what Lakeland calls a ‘special unconditional bonus’ of 1c/l that was also paid out in January and February. This means all suppliers will receive it with no conditions attached.
In Northern Ireland, a base price of 28p/litre will be paid for March milk. This is an increase of 0.75p/litre on February. In addition, a special unconditional Lakeland Bonus of 1p/l will also be paid for all March milk.
ADVERTISEMENT
Ornua PPI
The Ornua purchasing price index (PPI) is up to 112.6 for March after a relatively steady three months prior to that. This converts into a farmgate equivalent of 34c/l ex VAT at base solids when the Ornua premium is included. This price can be compared to announced milk prices.
Delicately balanced
A spokesperson for Lakeland Dairies commented: "Global milk supply and demand trends are delicately balanced as we enter the peak milk production season in Ireland and Europe. In the main, commodity prices have settled with general stability in the market.
"Outcomes for the rest of the year will depend considerably on the success of ongoing vaccination programmes and the reopening of economies around the world, combined with milk supply remaining in line with projections and continuing stable demand for dairy products.
"Lakeland Dairies will continue to monitor the market closely in the coming weeks."
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Following a board meeting, Lakeland Dairies has announced a price of 32.5c/l ex VAT at 3.3% protein and 3.6% fat for March milk supplies.
March milk cheques will contain what Lakeland calls a ‘special unconditional bonus’ of 1c/l that was also paid out in January and February. This means all suppliers will receive it with no conditions attached.
In Northern Ireland, a base price of 28p/litre will be paid for March milk. This is an increase of 0.75p/litre on February. In addition, a special unconditional Lakeland Bonus of 1p/l will also be paid for all March milk.
Ornua PPI
The Ornua purchasing price index (PPI) is up to 112.6 for March after a relatively steady three months prior to that. This converts into a farmgate equivalent of 34c/l ex VAT at base solids when the Ornua premium is included. This price can be compared to announced milk prices.
Delicately balanced
A spokesperson for Lakeland Dairies commented: "Global milk supply and demand trends are delicately balanced as we enter the peak milk production season in Ireland and Europe. In the main, commodity prices have settled with general stability in the market.
"Outcomes for the rest of the year will depend considerably on the success of ongoing vaccination programmes and the reopening of economies around the world, combined with milk supply remaining in line with projections and continuing stable demand for dairy products.
"Lakeland Dairies will continue to monitor the market closely in the coming weeks."
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS