Glanbia milk price for May 2021

Glanbia will pay its Member milk suppliers 35.6 cent per litre (cpl) (including VAT) for May creamery milk supplies at 3.6% butterfat and 3.3% protein.

By Darryl Armitage
Monday, 14th June 2021, 5:31 pm

Glanbia Ireland (GI) will pay a base milk price for May of 35.18 cpl (including VAT) for creamery milk at 3.6% fat and 3.3% protein. This is an increase of 1 cpl from the April base price.

Farmer Members will also receive a 0.42 cpl (including VAT) payment from Glanbia Co-op on all milk supplied this month as their ‘Share of GI Profit’.

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

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The Glanbia milk price for May creamery milk, based on LTO constituents of 4.2% butterfat and 3.4% protein, is 38.73 cpl.

Glanbia Ireland chairman John Murphy said: “Dairy markets are in reasonable balance at present, despite the variable nature of the recovery in demand from the food service sector. The board will continue to monitor developments on a monthly basis.”