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Glanbia announces milk price for October

Glanbia will pay its Member milk suppliers 31 cent per litre (cpl) (including VAT) for October creamery milk supplies at 3.6% butterfat and 3.3% protein. This is unchanged from the September milk price.

Glanbia Ireland (GI) will pay a base milk price for October of 30.18 cpl (including VAT) for creamery milk at 3.6% fat and 3.3% protein.

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

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

Glanbia Ireland Chairman John Murphy said: “In the global marketplace, overall prices have remained generally steady. Food service demand in many regions continues to be impacted by Covid-19 restrictions. The impact on dairy markets will continue to be monitored closely over the coming months.”