Glanbia raises its milk price as tentative recovery continues

The IFA has welcomed Glanbia’s decision to add 1c to the price per litre being paid to suppliers, effectively lifting its August milk price to 28.09c/l plus Vat.

Glanbia’s move follows months of rising milk prices across most European auctions, coupled with US and New Zealand industry predictions of supply shortages.

IFA national dairy committee chairman Kevin Kiersey has called on the other co-ops to follow Glanbia’s example and raise their price to match the strong market recovery.