Glanbia has set its base - plus sustainability and seasonal bonuses - price for milk supplied in January at 42.25c/l excluding VAT.

The seasonality bonus will be paid on all milk supplied in January, including non-contracted supplies from the co-op’s liquid and autumn calving scheme participants.

“Dairy market sentiment remains strong, with a combination of moderate milk flows from key regions and high input costs continuing to impact global supply,” stated Glanbia Ireland chair John Murphy.

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“Inflation is continuing to impact many elements of the supply chain. The board will continue to monitor developments,” he said.