The Board of Lakeland Dairies has confirmed the co-operative’s milk price for November milk supplied at 55.8c/l excluding VAT and at 3.6% butterfat and 3.3% protein. The price Lakeland Dairies will pay farmers for their milk has been unchanged since August.
Announced on Tuesday, the 55.8c/l price includes a supplementary input support payment of 1.5c/l for all suppliers, including fixed milk price contracts
All those on fixed milk price contracts with Lakeland Dairies will also receive an 8 c/l supplementary payment.
Northern Ireland
In Northern Ireland (NI), the co-op has maintained its price for November milk supplied at 47.5p/l. This also includes an input support payment of 1.5p/l.
All NI farmers supplying to Lakelands on fixed milk price contracts will receive a 7p/litre supplementary payment, plus the additional 1.5p/litre input support payment.
2022 additional payment
Lakeland Dairies has also decided to make an additional payment, in January 2023, for all milk supplied by its dairy farmers in 2022. This payment will equate to a 0.6c/l payment in the republic and 0.5p/l in NI.
The co-op is also planning to back-pay farmers an additional 0.6c/l for all milk supplied in 2022. \ Philip Doyle
According to a spokesperson, the move follows a budgetary provision needed to cater for extreme energy costs in 2022 that was not fully required.
On the outlook for 2023, the spokesperson said the co-op is aware that market conditions are changing significantly.
They said milk supply has increased in the large milk production regions across the world and global dairy markets have weakened considerably as a result.
“Higher inflation and interest rate increases have reduced consumer buying power and sentiment remains challenged,” they stated.
Competitors
Also on Tuesday, Kerry Group confirmed the price it will pay its suppliers for their November milk at 53.08c/l excluding VAT at 3.3% protein and 3.6% butterfat.
This price paid to farmers for November milk supplied has seen no change since July.
Read more
Lakeland Dairies steady again for October milk
Steady again for Kerry Group milk price
Average dairy farm income hits €148,000 – Teagasc
The Board of Lakeland Dairies has confirmed the co-operative’s milk price for November milk supplied at 55.8c/l excluding VAT and at 3.6% butterfat and 3.3% protein. The price Lakeland Dairies will pay farmers for their milk has been unchanged since August.
Announced on Tuesday, the 55.8c/l price includes a supplementary input support payment of 1.5c/l for all suppliers, including fixed milk price contracts
All those on fixed milk price contracts with Lakeland Dairies will also receive an 8 c/l supplementary payment.
Northern Ireland
In Northern Ireland (NI), the co-op has maintained its price for November milk supplied at 47.5p/l. This also includes an input support payment of 1.5p/l.
All NI farmers supplying to Lakelands on fixed milk price contracts will receive a 7p/litre supplementary payment, plus the additional 1.5p/litre input support payment.
2022 additional payment
Lakeland Dairies has also decided to make an additional payment, in January 2023, for all milk supplied by its dairy farmers in 2022. This payment will equate to a 0.6c/l payment in the republic and 0.5p/l in NI.
The co-op is also planning to back-pay farmers an additional 0.6c/l for all milk supplied in 2022. \ Philip Doyle
According to a spokesperson, the move follows a budgetary provision needed to cater for extreme energy costs in 2022 that was not fully required.
On the outlook for 2023, the spokesperson said the co-op is aware that market conditions are changing significantly.
They said milk supply has increased in the large milk production regions across the world and global dairy markets have weakened considerably as a result.
“Higher inflation and interest rate increases have reduced consumer buying power and sentiment remains challenged,” they stated.
Competitors
Also on Tuesday, Kerry Group confirmed the price it will pay its suppliers for their November milk at 53.08c/l excluding VAT at 3.3% protein and 3.6% butterfat.
This price paid to farmers for November milk supplied has seen no change since July.
Read more
Lakeland Dairies steady again for October milk
Steady again for Kerry Group milk price
Average dairy farm income hits €148,000 – Teagasc
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