Glanbia will pay its member milk suppliers 28.46c/l, excluding VAT for November manufacturing milk supplies at 3.6% butterfat and 3.3% protein.

Glanbia Ireland (GI) will pay a base milk price for November of 27.51c/l excluding VAT, for manufacturing milk at 3.6% fat and 3.3% protein. This is an increase of 1.0c/l from the October base price.

Support payment

The board of Glanbia Co-op has decided to continue to make a support payment to Members of 1.0c/l including VAT for November milk supplies.

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

“The global dairy markets are largely in balance. Dairy proteins have improved on the global market, cheese remains firm, while butter markets remain fragile. The board will continue to monitor developments on a monthly basis,” said Martin Keane, Glanbia chair.