Glanbia to pay 30 cpl for November milk

Glanbia will pay its Member milk suppliers 30 cent per litre (cpl) including VAT for November manufacturing milk supplies at 3.6% butterfat and 3.3% protein.

Glanbia Ireland (GI) will pay a base milk price for November of 29 cpl including VAT, for manufacturing milk at 3.6% fat and 3.3% protein. This is an increase of 1.0 cpl from the October base price.

The Board of Glanbia Co-op has decided to continue to make a support payment to Members of 1.0 cpl including VAT for November milk supplies.

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

Glanbia Chairman Martin Keane said: “The global dairy markets are largely in balance. Dairy proteins have improved on the global market, cheese remains firm, while butter markets remain fragile. The Board will continue to monitor developments on a monthly basis.”

First Published 12 December 2019