The board of Glanbia has set its April milk price at 27.5c/l excluding VAT for milk supplied at 3.6% butterfat and 3.3% protein. This represents a cut of 1c/l to the base price compared with the previous month.

However, Glanbia Co-op will make a support payment to members of 2c/l including VAT for April manufacturing milk. The co-op paid a 3c/l support payment the previous month.

The Glanbia Ireland base price and the co-op support payment will be adjusted to reflect the actual constituents of milk delivered by suppliers.

“We are acutely conscious that adverse weather has made 2018 a very challenging year to date for our milk suppliers,” said Glanbia chair Henry Corbally.

Glanbia is open for applications to a new Fixed Milk Price Scheme - Phase 12. This Scheme will pay a base price of 29.4c/l excluding VAT for 18 months – from June 2018 to November 2019.

Allocation letters for Fixed Milk Price Scheme (Phase 11), which was over-subscribed, were issued this week.

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