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. The Glanbia Ireland base price, Seasonality Bonus and Co-op “Share of GI Profit” payment will be adjusted to reflect the actual constituents of milk delivered by suppliers. The Glanbia milk price for February creamery milk, based on LTO constituents of 4.2pc butterfat and 3.4pc protein, is 39.40 cpl.

Source: Irish Independent March 11, 2021 13:36 UTC