Glanbia March milk price held at 31 cpl

Glanbia milk suppliers will receive a base price of 31 cent per litre (cpl) for March manufacturing milk supplies.

Glanbia will pay its milk suppliers 31 cent per litre (cpl) including VAT for March manufacturing milk supplies.

Glanbia Ingredients Ireland (GII) has held its base price for March at 31 cpl including VAT for manufacturing milk at 3.6% fat and 3.3% protein.

Glanbia Chairman Henry Corbally said that the Board will continue to monitor dairy markets on a monthly basis.

“Milk supply from the USA remains strong, while European milk volumes are recovering faster than expected. There continue to be a number of geopolitical uncertainties that could impact on the global dairy market. Supply and demand remain delicately balanced based on current global supply indications.”

First Published 11 April 2017