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Glanbia has held its milk price at 27.5c/l excluding VAT for manufacturing milk at 3.6% fat and 3.3% protein supplied in October.
The Glanbia board has also decided to provide a 1c/l support payment for October milk supplies.
Glanbia chair Martin Keane said: “There has been a welcome improvement in the price of dairy proteins on global markets, while cheese is stable and the European butter market remains fragile.
"Overall, markets have reacted to seasonal demand and a moderate rate of global milk supply growth in the year to date. The board will continue to monitor developments on a monthly basis.”
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