{"id":1247748,"date":"2024-03-13T13:42:27","date_gmt":"2024-03-13T13:42:27","guid":{"rendered":"https:\/\/www.agriland.ie\/?p=1247748"},"modified":"2024-03-13T13:42:48","modified_gmt":"2024-03-13T13:42:48","slug":"lakeland-dairies-announces-milk-price-for-february-supplies","status":"publish","type":"post","link":"https:\/\/lightsail.agriland.ie\/farming-news\/lakeland-dairies-announces-milk-price-for-february-supplies\/","title":{"rendered":"Lakeland Dairies announces milk price for February supplies"},"content":{"rendered":"\n

The Lakeland Dairies Board has decided on a price for milk supplied in February with the base price increasing for all milk supplied.<\/p>\n\n\n\n

A base price of 41.4c\/L<\/strong> (3.6% butterfat and 3.3% protein) will be paid for February milk in the Republic of Ireland.<\/p>\n\n\n\n

The base price has increased by 1.5c\/L including the new 0.5c\/L Sustainability Incentive Payment.<\/p>\n\n\n\n

The 1c\/L Input Support Payment paid on all January milk<\/a> now forms part of the base price for February milk according to the processor.<\/p>\n\n\n\n

All suppliers will automatically receive a 2c\/L early calving bonus meaning the price all suppliers receive for February milk is 43.40c\/L<\/strong>.<\/p>\n\n\n\n

Meanwhile, qualifying farmers will also receive a 5c\/L out-of-season payment.<\/p>\n\n\n\n

Lakeland Dairies NI suppliers<\/h2>\n\n\n\n

In Northern Ireland, a base price of 34p\/L<\/strong> will be paid for milk supplied in February. The base price has increased by 1.25p\/L including the new 0.5p\/L Sustainability Incentive Payment.<\/p>\n\n\n\n

The 1p\/L Input Support Payment paid on all January milk also now forms part of the base price for February milk, according to Lakeland Dairies.<\/p>\n\n\n\n

The processor has stated: “Global dairy markets remain in a delicate position with the supply\/demand dynamic tentatively poised.<\/p>\n\n\n\n

“Buyers are continuing to adopt a cautious approach but demand remains reasonably solid driven by weaker production in Europe and New Zealand.<\/p>\n\n\n\n

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“As we approach the critical spring season in Europe, milk supply is expected to remain sluggish which should assist in providing stability to the market.<\/p>\n<\/blockquote>\n\n\n\n

“Geopolitical tensions, supply chain disruptions and global economic headwinds remain a concern and will require careful management and monitoring.”<\/p>\n\n\n\n

Lakeland Dairies management have said they will continue to closely monitor the markets in the coming weeks.<\/p>\n\n\n