30.5c a litre for Glanbia’s 30% milk pool

Glanbia Co-op moved this week to hold the manufacturing milk price for March supplies at the current 30.5 cent per litre including VAT — despite Glanbia Ingredients Ireland (GII) reducing the base milk price by 1c, to 29.5c. GII cited current weakness in global dairy prices.

Glanbia Co-op has also committed to support the April and May milk prices at 30.5c, if necessary, and in the absence of any significant unforeseen circumstances.