July 17, 2024
Business News

Glanbia reveals latest milk price it will pay Kilkenny farmers

Locally-based agrifood giant Glanbia has confirmed it will pay its Kilkenny milk suppliers 34.6 cent per litre (cpl) for April.

Glanbia Ireland said it will pay a base milk price for February of 34.18 cpl (including VAT) for creamery milk at 3.6% fat and 3.3% protein. This is unchanged from the March 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 March creamery milk, based on LTO constituents of 4.2% butterfat and 3.4% protein, is 37.65 cpl.

Glanbia Ireland Chairman John Murphy said: “While there is volatility in the price returns for some products, dairy markets generally remain solid.

“Retail demand continues to be strong, while food service demand is starting to recover in some regions.

“The Board will continue to monitor developments on a monthly basis,” Mr Murphy added.

PHOTO: Stock image 



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