Food giant Glanbia will pay its member milk suppliers 34.6 cent per litre (cpl) (including VAT) for April creamery milk supplies at 3.6% butterfat and 3.3% prot.
April 12, 2021 3:31 pm
Glanbia has become the first processor to reveal its milk price for March supplies, announcing a price increase earlier today (Monday, April 12).
In a statement this afternoon, a spokesperson confirmed:
“Glanbia will pay its member milk suppliers 34.6c/L including VAT for March creamery milk supplies at 3.6% butterfat and 3.3% protein.”
Glanbia Ireland (GI) will pay a base milk price for March of 34.18c/L including VAT for creamery milk at 3.6% fat and 3.3% protein.
This is an increase of
1.5c/L including VAT from the February base price.
Farmer members will also receive a 0.42c/L including VAT payment from Glanbia Co-op on all milk supplied this month as their ‘Share of GI Profit’.
Glanbia and Lakeland Dairies have both announced milk price rises for Febuary supplies.
Glanbia will pay its Member milk suppliers 36.1 cent per litre (cpl) (including VAT) for February creamery milk supplies at 3.6pc butterfat and 3.3pc protein.
Glanbia Ireland (GI) will pay a base milk price for February of 32.68 cpl (including VAT) for creamery milk at 3.6pc fat and 3.3pc protein. This is an increase of 2 cpl from the January base price.
In addition to the base price, a Seasonality Bonus of 3 cpl (including VAT) will be paid on all creamery milk supplied in February.
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’.
GDT dairy prices reach highest level since 2014
At home, the country’s biggest milk buyer, Glanbia, has increased the creamery milk price from 33.5 cent per litre (including VAT) for December to 35.1c for January
Milk supply growth is strong across all the main milk production regions, but rising feed costs may curb supply growth in the EU, says Glanbia Ireland Chairman John Murphy. File Picture.
Thu, 18 Feb, 2021 - 12:30
Stephen Cadogan
The seventh-in-a-row positive Global Dairy Trade auction result on Tuesday took prices to their highest level since April 2014.
This important indicator of global dairy market trends offers reassurance on the milk price front to dairy farmers, and the Tuesday auction result also pointed to a slowing supply trend, with slightly reduced product volumes reflecting the passing of the milk production peak in New Zealand, the No 1 global dairy exporter.
Rotation is key for Laois farmer and well-known businessman who lands big Glanbia Ireland prize
Hardworking Portarlington-based grower lands 2020 Grain Supplier of the Year Award
Reporter:
news@leinsterexpress.ie
John C Fletcher, overall winner of the Glanbia Ireland 2020 Grain Supplier of the Year Award. John also took the Seed Barley title in the competition. );
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Laois grain grower John C Fletcher has claimed the Glanbia Ireland Grain supplier of the Year Award for 2020 and the Seed Barley category champion, beating off stiff competition from fellow growers nationwide.
The fourth generation farmer from Ballykillane outside of Portarlington is among 12 suppliers honoured for producing top-class native Irish grain.