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The board of Lakeland dairies has held its base milk price at 30.15c/l excluding VAT for May milk supplies, but cut its support payment.
"While global market conditions remain difficult there has been some improvement in skim markets from a record low base and butter returns continue to carry milk prices," Chairman Alo Duffy said. “After a difficult late spring, the farmer owned and controlled Lakeland Dairies Co-operative is committed to paying the maximum possible milk price to our milk suppliers.”
Glanbia
Glanbia has announced that it will hold it will hold its base milk price at 27.5c/l excluding VAT for milk supplied in May at 3.6% fat and 3.3% protein, but will cut its support payment from 2c/l in April to 1c/l including VAT.
Therefore, the price that a Glanbia supplier will receive is 28.5c/l excluding VAT.
Martin Keane, Glanbia Chairman, said: “there has been a welcome recovery in dairy market sentiment, driven mainly by adverse weather impacts on EU and US milk supply. The Board will continue to monitor developments on a monthly basis”.
Glanbia paid 27.5c/l excluding VAT for milk supplied in April and the co-op made a support payment to members of 2c/l.
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