This means that the price for milk supplied to Glanbia for March stays at 29.3c/litre (ex VAT).

Glanbia chairman Henry Corbally said global supply remains strong and there is continued uncertainty in the markets.

“Milk supply from the USA remains strong, while European milk volumes are recovering faster than expected. There continues to be a number of geopolitical uncertainties that could impact on the global dairy market. Supply and demand remain delicately balanced based on current global supply indications.”

The Irish Farmers Journal reports milk price excluding VAT.

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