January 18, 2021
Business News

Glanbia reveals latest milk prices it will pay Kilkenny farmers

Local food giant Glanbia has confirmed it will pay its Kilkenny milk suppliers 33.5 cent per litre (cpl) for December.

The creamery price includes a Late Supply Bonus (LSB) of 2 cpl (including VAT) that will be paid on all high quality creamery milk supplied in December.

Farmer Members will 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 Co-op will also pay its Members a bonus of 0.4 cpl (including VAT) as an additional support payment.

These payments are made on top of the Glanbia Ireland base price for December of 30.68 cpl (including VAT) for creamery milk at 3.6% fat and 3.3% protein. The base price increased by 0.5 cpl compared with the previous month.

The Glanbia Ireland base price, Late Supply Bonus and Co-op payments will all be adjusted to reflect the actual constituents of milk delivered by suppliers.

The actual average price paid by Glanbia for December creamery milk, based on delivered constituents, will be approximately 41 cpl.

Glanbia Ireland Chairman John Murphy said: “Overall, dairy markets are generally stable and the new EU-UK Trade & Cooperation Agreement is a positive development for the future EU-UK relationship. We will continue to monitor the impact of Covid-19 restrictions and Brexit-related customs arrangements closely over the coming months.”

PHOTO: Stock image 

 

 

 

 

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