Glanbia has become the first processor to announce its milk price for September 2021 supplies.
The milk processor will pay its member milk suppliers 36.6c/L (including VAT) for September creamery milk supplies at 3.6% butterfat and 3.3% protein.
Glanbia milk price September 2021
For September, it will pay a base milk price of 36.18c/L (including VAT) for creamery milk at 3.6% fat and 3.3% protein.
This is an increase of 1c/L (including VAT) from the August base price.
Farmer members will also receive a 0.42c/L (including VAT) payment from Glanbia Co-op on all milk supplied this month as their share of GI profit.
The Glanbia Ireland base price and co-op share of GI profit payment will be adjusted to reflect the actual constituents of milk delivered by suppliers.
The Glanbia milk price for September creamery milk, based on LTO constituents of 4.2% butterfat and 3.4% protein, is 39.94c/L.
Glanbia Ireland chairman, John Murphy, said:
“Dairy markets have strengthened in recent weeks, mainly due to weaker milk supply from key dairy regions.”
“Higher farm input costs and other factors are curbing milk supply growth.”
“There are significant inflationary pressures at all parts of the supply chain, which we are monitoring closely.”
August milk price
The processor paid its member milk suppliers 35.6c/L (including VAT) for August creamery milk supplies at 3.6% butterfat and 3.3% protein.
Glanbia Ireland paid a base milk price of 35.18c/L (including VAT) for creamery milk at 3.6% fat and 3.3% protein. This was unchanged from the July base price.
The Glanbia milk price for August creamery milk, based on LTO constituents of 4.2% butterfat and 3.4% protein, was 38.73c/L.
Murphy reported that the return of buyers after a quieter than normal holiday period brought stability to the market.
See milk price updates on That’s Farming.