Glanbia milk price for October
Glanbia will pay its Member milk suppliers 29 cent per litre (cpl) including VAT for October manufacturing milk supplies at 3.6% butterfat and 3.3% protein.
Glanbia Ireland (GI) will pay a base milk price for October of 28 cpl including VAT, for manufacturing milk at 3.6% fat and 3.3% protein. This is unchanged from the September 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 October 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: “There has been a welcome improvement in the price of dairy proteins on global markets, while cheese is stable and the European butter market remains fragile. Overall markets have reacted to seasonal demand and a moderate rate of global milk supply growth in the year to date. The Board will continue to monitor developments on a monthly basis.”
First Published 12 November 2019