Glanbia milk price August 2021
Glanbia will pay its Member milk suppliers 35.6 cent per litre (cpl) (including VAT) for August creamery milk supplies at 3.6% butterfat and 3.3% protein.
Glanbia Ireland (GI) will pay a base milk price for August of 35.18 cpl (including VAT) for creamery milk at 3.6% fat and 3.3% protein. This is unchanged from the July base price.
Farmer Members will also receive a 0.42 cpl (including VAT) payment from Glanbia Co-op on all milk supplied this month as their ‘Share of GI Profit’.
The Glanbia Ireland base price and Co-op “Share of GI Profit” payment will be adjusted to reflect the actual constituents of milk delivered by suppliers.
The Glanbia milk price for August creamery milk, based on LTO constituents of 4.2% butterfat and 3.4% protein, is 38.73 cpl.
Glanbia Ireland Chairman John Murphy said: “The return of buyers after a quieter than normal holiday period has brought stability to the market. The Board will continue to monitor developments on a monthly basis.”
First Published: 13 September 2021