Dairy prices | Lakeland Dairies announces drop in milk price

Lakeland Dairies has become the first processor to announce its milk price for August supplies, revealing a reduced figure for last month’s milk.

Following a board meeting today, Thursday, September 12, the cooperative revealed a reduction of 0.75c/L for August.
In the Republic of Ireland, a price of 30.03c/L including VAT has been agreed for milk supplied in August.
In Northern Ireland, a price of 24.50p/L will be paid for July supplies.
Commenting on the price, the co-op said: “Despite the moderation in milk supplies, the global dairy market continues to be hit by weak demand across a range of products as a result of significant Brexit trade uncertainty and US-China trade wars.
“Lakeland will continue to monitor the market closely in the coming week,” the statement concluded.
LacPatrick Acquisition
Late last month, it was announced that a total of 68 staff based at LacPatrick Dairies headquarters in Coolshanagh, Co. Monaghan, have been made redundant as moves to progress its merger with LakeLand Dairies intensify.
Following board approval of the decision earlier this morning, Friday, August 30, it is understood that staff were informed of the news on site this afternoon.
It is believed that while there were initial plans for up to 131 job losses, this figure was reduced down to 68 – the other 63 employees will remain at the co-operative.

Look also

a2MC eyes own processing plant, more Chinese labels

The a2 Milk Company (a2MC) says securing more China label registrations and developing its own nutritional manufacturing capability are high on its agenda.

You may be interested in

Calls for dairy industry to stop killing healthy calves for milk production

a2MC eyes own processing plant, more Chinese labels

‘Robust Dairying for Future Challenges’

Topics |
Dairy prices, LacPatrick, Lakeland Dairies, Milk

Legal notice about Intellectual Property in digital contents. All information contained in these pages that is NOT owned by eDairy News and is NOT considered “public domain” by legal regulations, are registered trademarks of their respective owners and recognized by our company as such. The publication on the eDairy News website is made for the purpose of gathering information, respecting the rules contained in the Berne Convention for the Protection of Literary and Artistic Works; in Law 11.723 and other applicable rules. Any claim arising from the information contained in the eDairy News website shall be subject to the jurisdiction of the Ordinary Courts of the First Judicial District of the Province of Córdoba, Argentina, with seat in the City of Córdoba, excluding any other jurisdiction, including the Federal.