Glanbia Ireland has set its price for August 2021 milk supplies.
Its announcement follows Lakeland Dairies earlier this week.
Glanbia August 2021 milk price
A spokesperson for Glanbia confirmed the processor will pay its member milk suppliers 35.6 cpl (including VAT) for August creamery milk supplies at 3.6% butterfat and 3.3% protein.
Glanbia Ireland will pay a base milk price for August of 35.18c/L (including VAT) for creamery milk at 3.6% fat and 3.3% protein. This is unchanged from the July 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 August creamery milk, based on LTO constituents of 4.2% butterfat and 3.4% protein, is 38.73c/L.
Glanbia Ireland chairman, John Murphy, said:
“The return of buyers after a quieter than normal holiday period has brought stability to the market.”
He said the board will continue to monitor developments on a monthly basis.
Lakeland Dairies was the first processor to announce its price for August 2021 milk supplies.
The board of Lakeland Dairies confirmed an increase in the co-operative’s milk price for the month in question.
In a statement on Monday, September 13th, 2021, a spokesperson for the milk processor said:
- ROI: The processor has increased its base milk price by 0.5c/ to 36.5c/L including VAT, for milk at 3.6% fat and 3.3% protein.
- NI: Lakeland Dairies has increased its milk price for August by 0.3p/litre to 29.5p/litre.
Concept Dairy app
Meanwhile, Concept Dairy has launched, giving all dairy farmers access to live prices that “they can lock-in when they choose”.
Diarmuid Mac Colgái believes this new app is an “important step” in giving farmers control of their milk price.
The commodities trading risk management platform goes into the milk processor, helping them understand and manage their risk. Read this article.
Milk price updates in Ireland
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