Glanbia reveals latest milk price it will pay Kilkenny farmers
Locally-based agrifood giant Glanbia has confirmed it will pay Kilkenny milk suppliers 35.6 cent per litre (cpl) for June.
Glanbia Ireland said it will pay a base milk price for June of 35.18 cpl (including VAT) for creamery milk at 3.6% fat and 3.3% protein. This is unchanged from May’s base price.
Farmer members will also receive a 0.42 cpl (including VAT) payment from Glanbia Co-op on all milk supplied this month as their ‘Share of GI Profit’.
The Glanbia Ireland base price and Co-op ‘Share of GI Profit’ payment will be adjusted to reflect the actual constituents of milk delivered by suppliers.
The Glanbia milk price for June creamery milk, based on LTO constituents of 4.2% butterfat and 3.4% protein, is 38.83 cpl, a 0.1c increase.
Glanbia Ireland Chairman John Murphy said: “The returns for most dairy product categories are generally stable at present, although increased global milk supply from key regions in recent months and the variable pace of food service re-opening are notable developments.
“The Board will continue to monitor developments on a monthly basis,” Mr Murphy added.