Glanbia confirms milk prices for April
GLANBIA Ireland has confirmed it will pay its member milk suppliers 30.5 cent per litre (cpl) for April.
The Kilkenny-based food and diary giant said it will pay a base milk price for April of 30 cpl including VAT, for manufacturing milk at 3.6% fat and 3.3% protein.
In a statement issued today, the Board of Glanbia Co-op said it has decided “to make a support payment to members of 0.5 cpl including VAT for April milk supplies”.
The company added: “The Glanbia Ireland and the Glanbia Co-op support payment will be adjusted to reflect the actual constituents of milk delivered by suppliers. The actual average price paid by Glanbia for April manufacturing milk based on actual constituents, will be 32.9 cpl (including Co-op support payment).”
Glanbia said April milk volumes were 19% ahead of the same month last year, when weather posed significant challenges.
Glanbia Chairman Martin Keane said: “Glanbia Ireland has maintained its base price of 30cpl to reflect current market returns. While milk supply growth in key regions is lower than previous years, demand is sluggish in some markets due to trade wars and other issues. The Board will continue to monitor developments on a monthly basis.”