Farm Ireland

Wednesday 22 November 2017

Dairygold announces October milk price increase

Ciaran Moran

Ciaran Moran

Dairygold has set its milk price for October to pay a price of 28 cpl incl. quality bonus (0.5 cpl) and VAT, up 2 cpl on the September price.

It follows decisions by Glanbia and Lakeland Dairies to increase milk prices for October supplies.

Glanbia members will receive 28c/L for October milk supplies. Glanbia Ingredients Ireland will pay 27c/L for October milk, with 1c/L of milk price support from Glanbia Co-operative to its members.

Glanbia will pay its member suppliers 28c/L including VAT for October manufacturing milk supplies. This price is inclusive of a 1c/L Glanbia Co-operative Society support payment to its members.

Glanbia Ingredients Ireland (GII) has increased its base price by 2c/L to 27c/L including VAT for manufacturing milk at 3.6pc fat and 3.3pc protein.

The Board of Glanbia Co-operative Society has decided to pay its members a support payment of 1.0c/L (including VAT) for October manufacturing and liquid milk supplies.

Henry Corbally, Glanbia Chairman, said that the Board will continue to monitor markets on a monthly basis. While welcoming the recent recovery, he cautioned that dairy markets remain fragile due to a number of uncertainties in the global environment.

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