Tipperary farming: Glanbia's October milk price stays unchanged at 31cpl
Glanbia will pay its member milk suppliers 31cpl, 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 30.18cpl, including VAT, for creamery milk at 3.6% fat and 3.3% protein.
Farmer members will also receive a 0.42cpl, 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 0.4cpl, 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. The actual average price paid by Glanbia for October creamery milk, based on delivered constituents, will be approximately 41cpl.
“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," said Glanbia Ireland chairman John Murphy.
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