Lakeland Dairies has followed the example set by Glanbia Ireland and increased its August milk price by 1c/L.

Lakeland Dairies also announced a lactose bonus of 0.28c/L, which brings the Lakeland milk price to 35.28c/L including VAT.

Similar to Glanbia Ireland, this is the fourth consecutive monthly increase announced by Lakeland Dairies; it also increased its May, June and July milk price by 1c/L.

Glanbia increased its milk price for August supplies to 35c/L, also announcing that it will pay its milk suppliers a 1c/L bonus on all milk supplied in January to June of 2017.

Commenting on the increase, Glanbia Ireland Chairman, Henry Corbally, said: “While the short-term outlook remains positive, we note that the current high prices are leading to higher production in key regions and may affect demand when fully passed through the supply chain.

AgriLand

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