Glanbia to pay Kilkenny farmers 29c per litre of milk for October
KILKENNY-based Glanbia will pay local farmers 29 cent per litre for milk supplies in October.
Glanbia Ireland (GI) confirmed it will pay members a base milk price for August of 28 cents per litre including VAT, for manufacturing milk at 3.6% fat and 3.3% protein. This is unchanged from the September base price.
The Board of Glanbia Co-op said it decided to continue to make a support payment to Members of 1cpl including VAT for October milk supplies, no change to the support payment made for September.
The GI base price and the Glanbia Co-op support payment will be adjusted to reflect the actual constituents of milk delivered by suppliers.
Glanbia Chairman Martin Keane said: “There has been a welcome improvement in the price of dairy proteins on global markets, while cheese is stable and the European butter market remains fragile. Overall markets have reacted to seasonal demand and the moderate rate of global milk supply growth in the year to date. The Board will continue to monitor developments on a monthly basis.”