Over €100m was paid out to Glanbia suppliers in each of the four counties; Kilkenny, Waterford, Tipperary and Wexford in 2018. The Glanbia AGM on Wednesday heard that the economic contribution of dairy farming to the rural economy delivered a direct boost to towns and villages in rural Ireland.

“The 5.1% growth in milk supply in 2018 was worth over €47m extra in payments last year, which has an impact on the economies of rural Ireland and our suppliers’ farms,” CEO of Glanbia Ireland Jim Bergin said.

Milk supplies to Glanbia Ireland are now at 2.7bn litres per year, with supply reaching 88m litres per week at peak this year, compared to around 45m per week in 2014.

Glanbia Ireland milk payments for 2018 (inclusive of VAT)

Source: Glanbia

Read more

Glanbia expansion affecting Glanbia milk price

Glanbia holds price for April milk supplies