The board of Glanbia Co-operative Society has decided to pay members who have signed a Milk Supply Agreement a bonus of 1.5c/l, including VAT, for July manufacturing and liquid milk supplies, bringing the base price to 26.5c/l.
The drop in price is said to reflect ongoing weakness in global dairy markets, but the support payment by the board of Glanbia Co-operative Society is to help the profitability of farmer suppliers due to the serious effect of the current weak market price.
Glanbia Co-operative Society has made very significant support payments to members in the year to date: March (1c/l); April (2c/l); May (3c/l); June (1c/l) and July (1.5c/l).
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Suppliers to GII who are not currently members of the society will be entitled to all 2015 support payments on a retrospective basis, provided they avail of an opportunity to join the society this year. The application process for eligible milk suppliers begins in the coming weeks.
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The board of Glanbia Co-operative Society has decided to pay members who have signed a Milk Supply Agreement a bonus of 1.5c/l, including VAT, for July manufacturing and liquid milk supplies, bringing the base price to 26.5c/l.
The drop in price is said to reflect ongoing weakness in global dairy markets, but the support payment by the board of Glanbia Co-operative Society is to help the profitability of farmer suppliers due to the serious effect of the current weak market price.
Glanbia Co-operative Society has made very significant support payments to members in the year to date: March (1c/l); April (2c/l); May (3c/l); June (1c/l) and July (1.5c/l).
Suppliers to GII who are not currently members of the society will be entitled to all 2015 support payments on a retrospective basis, provided they avail of an opportunity to join the society this year. The application process for eligible milk suppliers begins in the coming weeks.
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