September milk price set at 35cpl
The Glanbia Ireland base manufacturing milk price is unchanged for September.
Glanbia Ireland will pay its milk suppliers 35 cent per litre (cpl) including VAT for September manufacturing milk supplies at 3.6% butterfat and 3.3% protein. This price is unchanged from the August price.
Glanbia Ireland Chairman Henry Corbally said: “in recent weeks prices for some products have weakened slightly and buyers continue to resist high butter prices in particular. Meanwhile, on the supply side, it is clear that higher milk prices, relatively cheap feed and good weather is driving increased milk production across the EU and the US. The Board will continue to monitor market developments on a monthly basis.”
First Published 12 October 2017