€10m bonus for Glanbia Co-op’s milk suppliers

GLANBIA Co-operative Society has announced that a total of €10.9 million will be paid to milk supplier members this month as part of its Trading Bonus Scheme.

The payment will be made to qualifying members with their January milk payment and is based on 2018 milk supply volumes.

A total of 3,755 Glanbia Co-op members will receive an average Milk Supplier Trading Bonus of €2,850. Two-thirds of trading bonus recipients qualified for the top rate bonus payment of 0.75 cent per litre .

In the coming weeks a further €3m in 2018 Trading Bonus Scheme payments will be made to members.