Lakeland reduces February milk price
Lakeland Dairies has reduced its base milk price for February milk by 1c/l. This brings the effective milk price for February to 32.79c/l excluding VAT.
In a statement, Lakeland said the company is, "very much aware of the difficult conditions faced by milk producers during the past month and the supported February milk price is designed to acknowledge these difficulties as best as possible in line with overall difficult market conditions".
Glanbia and Kerry also decreased milk prices for February.