Glanbia November milk price up 2cpl to 30 cpl

Glanbia members will receive a base price of 30 cpl for November milk supplies. Glanbia Ingredients Ireland will pay 29 cpl for November milk, with 1 cpl of milk price support from Glanbia Co-operative to its members.

Glanbia will pay its member suppliers 30 cent per litre (cpl) including VAT for November manufacturing milk supplies. This price is inclusive of a 1 cpl Glanbia Co-operative Society support payment to its members.

Glanbia Ingredients Ireland (GII) has increased its base price by 2 cpl to 29 cpl including VAT for manufacturing milk at 3.6% fat and 3.3% protein.

The Board of Glanbia Co-operative Society has decided to pay its members a support payment of 1.0 cpl (including VAT) for November manufacturing and liquid milk supplies.

Henry Corbally, Glanbia Chairman, said that the Board was pleased to be in a position to return a November price of 30 cent per litre to Members given the challenging markets earlier this year.

“Recent milk supply reductions in key production regions have led to a swift and very welcome recovery in dairy market prices,” he said. “However, a number of uncertainties remain in the global environment. The Board will continue to monitor markets on a monthly basis.”

First Published 12 December 2016