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Lakeland increases price for June supplies
Lakeland Dairies has announced a 0.5p/l increase to its base milk price for June, leaving suppliers on a starting price of 35.8p/l.
Making the announcement, the co-op said the market remains largely similar to last month, with no significant changes in the supply demand balance.
Meanwhile in Britain, base prices continue to increase with a number of processors paying above 40p/l for August.
Leprino Foods will pay 40.5p/l, although that is for milk at a base of 4.2% butterfat and 3.4% protein.
Adjusting back to Leprino’s NI base of 3.85% and 3.19% and factoring in milk collection, would bring that base below 38p/l.
Barbers will pay 40.65p/l and since the start of the year, the Somerset-based cheese company has increased its base by 5.5p/l. First Milk is raising its August base by 0.7p to 41p/l.
MPI
At this week’s Dutch Dairy Board auction, butter fell €50 to €6,650/t, with skim milk powder down by a similar amount to €2,360/t. However, whole milk powder increased by €50 to €3,810/t.
Following the recent price drop at the bimonthly New Zealand GDT auction, the latest milk price indicator (MPI) published by the UFU has eased by 0.15p to 36.06p/l.
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