Glanbia’s February milk prices remains set at 22.72c/l excluding VAT, plus a 0.95c/l bonus.
Glanbia was the second major milk processor to set its February price after Lakeland Dairies also decided to keep it unchanged.
Glanbia Ingredients Ireland suppliers will continue to receive 22.72c/l excluding VAT at 3.3% protein and 3.6% fat.
A bonus of 0.95c/l excluding VAT will also be paid to members of Glanbia co-op for February manufacturing and liquid milk supplies, bringing the price paid to holders of a milk supply agreement to 23.67c/l excluding VAT.
The top-up is part of a €35.6m support package announced in January by Glanbia co-op for this year.
http://www.farmersjournal.ie/glanbia-holds-milk-price-203338/