Glanbia guarantees rate of 32cpl for the year

Pat McCormack of ICMSA on fixed milk price

Glanbia’s Dairy Ingredients Ireland fixed-price offer guarantees an inflation-adjusted milk price of 32cpl (including VAT) for 2012.

Given that input costs are unlikely to decrease, a price of 32cpl is likely to be paid in 2013 and 2014 also.