Lakeland Dairies has announced that it will increase its milk price for September, as well as offer a €30/t feed rebate to its suppliers.
A base price of 49c/L at constituents of 3.6% butterfat and 3.3% protein will be paid for September milk in the Republic of Ireland, which is inclusive of the 0.5c/l Sustainability Incentive Payment.
The base price has increased by 2.5c/L from last month.
In Northern Ireland, a base price of 40.3p/L will be paid for milk supplied in September which is inclusive of the 0.5p/l Sustainability Incentive Payment. The base price has increased by 2p/L from last month.
Lakeland said that global dairy markets remain largely positive at present, having strengthened throughout quarter three.
The processor said it will continue to monitor the markets and will “endeavour to support our farmers as best we can”.
Lakeland feed rebate
Lakeland Dairies also said it support its farm suppliers by introducing a dairy manufactured feed support initiative over the winter months.
The rebate is designed to support liquid and winter milk suppliers over the early and mid-lactation period. It is also to help spring-calving herds manage the winter dry period effectively.
It should also assist all herds to formulate balanced diets following a challenging growing season, Lakeland said.
The initiative will see a €30/t rebate applied to all Lakeland Dairies dairy manufactured feed purchased by milk suppliers during the four months of November 2024 through February 2025.
There are also rebates available for those purchasing straight feeds.
Commenting on the rebate, Lakeland Dairies’ Chairperson Niall Matthews said: “We are looking forward to rolling out this support for our farmers. It’s an effective support in that whether you buy one tonne or twenty tonnes, all tonnes will be discounted by €30 per tonne.
“As a farmer-owned co-op, we value the loyalty and support of our farm families over the generations. We are pleased to be in a position where we can further help our farm family suppliers over the winter-feeding period with this rebate support,” Matthews said.
Farmers can contact their local Lakeland Dairies agribusiness representative for further information on the initiative.