Glanbia to pay 32cpl for December milk
Glanbia will pay its Member milk suppliers 32 cent per litre (cpl) including VAT for December manufacturing milk supplies at 3.6% butterfat and 3.3% protein. This is unchanged from the November price.
Glanbia Ireland (GI) has maintained its base milk price for December at 30 cpl including VAT, for manufacturing milk at 3.6% fat and 3.3% protein. In addition, Glanbia Co-op will make a support payment to Members of 2 cpl including VAT.
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 recent sale of Skim Milk Powder out of intervention is welcome as it has almost eliminated the stock overhang and improves market sentiment. However, Brexit and global trade tensions continue to create some uncertainly around market direction”.
First Published 11 January 2019