Lakeland Dairies has become the first processor to announce its price for August 2021 milk supplies.
The board of Lakeland Dairies confirmed an increase in the co-operative’s milk price for August.
Lakeland milk price August 2021
In a statement on Monday, September 13th, 2021, a spokesperson for the milk processor said:
“In the Republic of Ireland, Lakeland Dairies has increased its base milk price for August by 0.5 cpl to 36.5 cpl, including VAT, for milk at 3.6% fat and 3.3% protein.”
Furthermore, in Northern Ireland, Lakeland Dairies has increased its milk price for August by 0.3p/litre to 29.5p/litre.
In the ROI, the processor paid 36 cpl, including VAT, for milk at 3.6% fat and 3.3% protein. Meanwhile, in Northern Ireland, Lakeland Dairies held its milk price for July at 29.2p/litre.
Continuing the spokesperson said: “There continues to be a reasonable level of balance between supply and demand in the global dairy markets at present, with some fluctuations due to the effects of the ongoing pandemic.”
Lakeland Dairies committed to continuing to monitor the market “closely” in the coming weeks.
Concept Dairy app
Meanwhile, Concept Dairy has launched its app, giving all dairy farmers access to live dairy prices that “they can lock-in when they choose”.
Diarmuid Mac Colgáin has established the business to bring price transparency to the global dairy industry. He has a desire to facilitate economic sustainability for farmers, starting right here in Ireland.
He believes this new app is an “important step” in giving farmers control of their milk price.
The Farmer App gives dairy farmers a view on live and accurate prices that they can lock in when they choose for up to two years into the future.
The commodities trading risk management platform goes into the milk processor, helping them understand and manage their risk.
Meanwhile, the team works with dairy buyers at the other end of the chain to create a “fully connected and transparent” supply chain. Read this article.
See more milk price updates.