Ireland: Peak Milk Supply Management Scheme has been withdrawn

The Irish dairy cooperative Lakeland has withdrawn it last year announced Peak Milk Supply Management Scheme. With the scheme Lakeland would stop accepting new milk suppliers in 2023 and later. To bring the milk supply more in balance with the processing capacity, Lakeland would have introduced in 2023 a penalty payment during the months April, May and June of 4 eurocent per litre on the volume of milk that was produced more than in 2021. However: for extra milk supplied in January 2023 compared to January 2022 the dairy would have paid a bonus of 4 eurocent per litre. According to Lakeland with continuing developments and ongoing investments and enhancements in extra capacity taking place across all its facilities, higher than anticipated levels of milk processing were achieved in 2022 and further capacity will come on stream in 2023 and beyond, so it is no longer necessary to implement the Peak Milk Supply Management Scheme.

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