Co-ops setting milk price ‘should follow Lakeland’s example’

The move by Lakeland Dairies to increase its July milk price has been welcomed by the Irish Farmers’ Association (IFA).

Commenting, the IFA National Dairy Committee chairman Tom Phelan said:

“This move by Lakeland is welcome, and confirms that the recent market value improvements means that co-ops can, and must increase prices for July milk.

The other co-ops will be setting their prices over the coming days, and we encourage them to follow Lakeland’s example and return at least an additional 1c/L to their suppliers.

Last week, the IFA highlighted international milk price comparisons which showed that Irish milk purchasers were performing below par.

The three participating co-ops Kerry, Dairygold and Glanbia respectively came in at €1/100kg for Kerry, and €2/100kg for Dairygold and Glanbia, below the average for the leading European processors.

Price boost for Lakeland suppliers

Earlier today, Thursday, August 13, a spokesperson for Lakeland Dairies said:

In the Republic of Ireland, a base price of 31c/L including VAT will be paid for milk supplied in July. This represents an increase of 1c/L on the June price.

In Northern Ireland, a base price of 25.25p/L will be paid for July milk. This is an increase of 1p/L on the June price, the co-op added.