Milk-supplying members of Glanbia Co-op are set for a 0.4c/l payment each month on all milk supplied in 2020. The payment – which is the co-op’s share of Glanbia Ireland profit – will be adjusted to reflect the actual constituents of the milk delivered.

The co-op, which owns 60% of Glanbia Ireland, receives a dividend each year, which amounts to around €18m.