Lakeland Dairies has become the first processor to announce its milk price for November 2021 supplies.
In a statement today (Monday, December 13th), its board confirmed that it increased the co-operative’s milk price for November.
Lakeland November 2021 milk price
In the Republic of Ireland, Lakeland Dairies has increased its milk price by 1.22 cents per litre.
Therefore, it will pay a base milk price of 39.22 cpl, including VAT, for milk at 3.6% fat and 3.3% protein.
Meanwhile, in Northern Ireland, Lakeland Dairies has increased its milk price by 1 pence per litre and will pay a milk price of 31.5p/litre.
A spokesperson for the milk processor said that global dairy markets “remain stable” with currently reliable levels of demand overall and a lower rate of growth in supply from the main dairy producing regions.
“Strong demand and consumption in Asia continue to be a positive factor,” they pointed out.
They confirmed that Lakeland Dairies will continue to monitor the market “closely” in the coming weeks.
October milk price
It was the first milk processor to announce its price for October 2021 milk supplies.
The board of Lakeland Dairies increased the co-operative’s milk price for October.
In the ROI, it increased its milk price by 0.5 cents per litre. It paid a base milk price of 38cpl, including VAT, for milk at 3.6% fat and 3.3% protein.
Meanwhile, in Northern Ireland, it increased its milk price by 0.4 pence per litre and paid a milk price of 30.5p/litre.
In a statement, a spokesperson for the milk processor said:
“Global dairy markets remain strong at present with continuing restrained milk supply across Europe, New Zealand and the United States.”
The spokesperson said that “strong” purchasing and consumption from Asia is also a “key” market driver.
See more milk price updates.
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