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.

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