Glanbia pays 42 cpl for December milk
Glanbia will pay its Member milk suppliers 42.0 cent per litre (cpl) (including VAT) for December 2021 creamery milk supplies at 3.6% butterfat and 3.3% protein.
The creamery price includes an unconditional Late Supply Bonus of 2 cpl (including VAT) that will be paid on milk supplied in December. This bonus is also paid on surplus milk from our Liquid and Autumn Calving Scheme suppliers.
Glanbia Ireland (GI) will pay a base milk price for December of 39.58 cpl (including VAT) for creamery milk at 3.6% fat and 3.3% protein. This is an increase of 1 cpl (including VAT) from the November base price.
Farmer Members will also receive a 0.42 cpl (including VAT) payment from Glanbia Co-op on all milk supplied during December as their ‘Share of GI Profit’.
The Glanbia Ireland base price, Late Supply Bonus and Co-op ‘Share of GI Profit’ payment will all be adjusted to reflect the actual constituents of milk delivered by suppliers.
The Glanbia milk price for December creamery milk, based on LTO constituents of 4.2% butterfat and 3.4% protein, is 45.63 cpl.
Glanbia Ireland Chairman John Murphy said: “Milk supplies remain moderate in some leading dairy regions which is underpinning strong international prices for dairy ingredients. We will continue to monitor developments and the impact of the Covid-19 variant.”
The 2 cpl Late Supply Bonus was previously confined to creamery milk suppliers. However, it will now apply to all milk supplied including all volumes supplied by our Liquid and Autumn Calving Scheme suppliers which are not already subject to premium payments.
First Published:13 January 2022