Lakeland Dairies Announces July Milk Price Increase
Base Price Rises Amidst Growing Butter Market
The Lakeland Dairies Board has announced the July milk price, featuring an increase in the base price from last month. This decision reflects current market conditions in Northern Ireland, particularly the growing strength of butter markets.
Lakeland Dairies will pay an additional 17cl excluding VAT for milk supplied in July, resulting in a base price of 3381cl excluding VAT. This increase is driven by the increasing demand for butter, leading to higher prices in the butter markets.
The Lakeland Dairies Board carefully considered market conditions when determining the July milk price. By aligning with market dynamics, the Board aims to ensure fair returns for milk producers while maintaining a competitive position in the dairy industry.
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