The net manufacturing price paid by Glanbia Ingredients Ireland (GII) to farmers for January remains at 22.72c/litre excluding VAT at 3.6% fat and 3.3%.
Glanbia Co-op is also maintaining the bonus of 0.95c/l excluding VAT paid to members who have signed a milk supply agreement.
Glanbia said this was part of the €35.6m support package announced for members last month.
Lakeland Dairies cut its January price by 0.5c/l last Friday and more co-ops are due to set prices in the coming days amid negative signals from global dairy markets.
ICOS warns co-ops may run out of cash to support milk prices
Dairy futures market: another drop in GDT index on the cards
“Don’t bank on improving dairy product prices anytime soon” - Brosnan