Lakeland Dairies has increased its milk price for November.
In the Republic of Ireland, the co-op has increased price by 1.22 cent per litre and will pay a base milk price of 39.22 cpl, including VAT, for milk at 3.6% fat and 3.3% protein.
Meanwhile, In Northern Ireland, Lakeland Dairies has increased its milk price by 1 pence per litre and will pay a milk price of 31.5p/litre.
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The co-op says that global dairy markets remain stable with reliable levels of demand overall and a lower rate of growth in supply from the main dairy producing regions.
“Strong demand and consumption in Asia continues to be a positive factor," a spokesperson added.
“Lakeland Dairies will continue to monitor the market closely in the coming weeks.”
