Glanbia will pay its member milk suppliers a base price of 28.46c/l excluding VAT for April manufacturing milk supplies at 3.6% butterfat and 3.3% protein.

The board of Glanbia Co-op has decided to make a support payment to members of 0.47c/l excluding VAT.

Including the support payment, suppliers will receive a price of 28.93c/l, excluding VAT.

This is the same price that was paid for March milk supplies.

Current trends

Glanbia chair Martin Keane said: “Glanbia Ireland has maintained its base price of 30cpl (including VAT) to reflect current market returns.

"While milk supply growth in key regions is lower than previous years, demand is sluggish in some markets due to trade wars and other issues. The board will continue to monitor developments on a monthly basis.”

April milk volumes were 19% ahead of the same month last year, when weather posed significant challenges.

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