Glanbia milk price for April

Glanbia will pay its Member milk suppliers 30.5 cent per litre (cpl) including VAT for April manufacturing milk supplies at 3.6% butterfat and 3.3% protein.

Glanbia Ireland (GI) will pay a base milk price for April of 30 cpl including VAT, for manufacturing milk at 3.6% fat and 3.3% protein. The Board of Glanbia Co-op has decided to make a support payment to Members of 0.5 cpl including VAT for April milk supplies.

The Glanbia Ireland and the Glanbia Co-op support payment will be adjusted to reflect the actual constituents of milk delivered by suppliers.

The actual average price paid by Glanbia for April manufacturing milk, based on actual constituents, will be 32.9 cpl (including Co-op support payment).

April milk volumes were 19% ahead of the same month last year, when weather posed significant challenges.

Glanbia Chairman Martin Keane said: “Glanbia Ireland has maintained its base price of 30cpl to reflect current market returns. While milk supply growth in key regions is lower than previous years, demand is sluggish in some markets due to trade wars and other issues. The Board will continue to monitor developments on a monthly basis”.

First Published 13 May 2019