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Glanbia Ireland increases July milk price to 34cpl

GII All Co-op Dairy

Glanbia Ireland will pay its milk suppliers 34 cent per litre (cpl) including VAT for July manufacturing milk supplies.

This is an increase in Glanbia Ireland’s base price for July of 1 cpl to 34 cpl including VAT for manufacturing milk at 3.6% butterfat and 3.3% protein. Glanbia Chairman Henry Corbally said: “We are pleased to be able to reflect continuing positive dairy market performance particularly with strong demand for butter and good demand for cheese. However certain parts of the dairy market continue to be challenging, especially powders, and the Glanbia Ireland Board will continue to monitor market developments on a monthly basis.”

ABOUT GLANBIA IRELAND

Glanbia Ireland is Ireland’s leading diary & agri-business Company which owns celebrated consumer and agri brands such as Avonmore, Kilmeaden Cheese, Premier Milk, Wexford, mymilkman.ie and GAIN Animal Nutrition. It exports high quality dairy and agri ingredients as well as branded products to over 60 countries.

Drawing from a 2.4 billion litre milk pool supplied by 4,800 family farms, Glanbia Ireland produces top quality dairy products from grass fed, pasture raised dairy herds. Combined with locally produced grains and state of the art milling, this unique agri platform provides for fully traceable and sustainably produced products.

Glanbia Ireland is a joint venture 60% owned by Glanbia Co-op and 40% owned by Glanbia plc. Established in July 2017, it combines Glanbia Ingredients Ireland, Glanbia Consumer Products and Glanbia Agribusiness. With annual revenue of €1.5 billion, Glanbia Ireland has 11 processing plants, 53 agri branches and over 1,800 employees.

First Published 11 August 2017

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