The Board of Lakeland Dairies has confirmed its milk price for July.
In the Republic of Ireland, milk price has increased by 2.25c/L.
In Northern Ireland, Lakeland Dairies has increased its milk price by 2p/L to 46p/L
On average, the Lakeland Dairies pay out in the Republic of Ireland will be 60.6c/L for July milk.
All fixed milk price contracts will receive an 8c/L supplementary payment.
In Northern Ireland, all fixed milk price contracts will receive a 7p/c supplementary payment.
“The ongoing buoyancy in dairy markets is starting to level off with auction prices well down from recent highs and a cooling off in demand for higher priced product categories,” a spokesperson said.
“Global economic conditions including severe inflation, high input costs at farm and processing levels and rising interest rates, aligned with seasonality and weather events, will continue to affect the international balance of supply and demand.
“Consumer sentiment is being affected by generally increasing costs across all kinds of goods and services including food and energy.”
