Glanbia has become the second processor to announce its December 2021 milk price.
Its announcement follows Lakeland Dairies’, which will pay 40c/L, as we reported yesterday afternoon (Thursday, January 13th, 2022).
Glanbia December 2021 milk price
In a statement, a spokesperson for Glanbia said:
“Glanbia will pay its member milk suppliers 42.0c/L (including VAT) for December 2021 creamery milk supplies at 3.6% butterfat and 3.3% protein.”
“The creamery price includes an unconditional late supply bonus of 2c/L (including VAT) that will be paid on milk supplied in December.”
Furthermore, it will also pay the bonus on surplus milk from its liquid and autumn calving scheme suppliers.
Glanbia Ireland (GI) will pay a base milk price for December of 39.58c/L (including VAT) for creamery milk at 3.6% fat and 3.3% protein.
According to the processor, this is an increase of 1c/L (including VAT) from the November base price.
Its farmer members will also receive a 0.42c/L (including VAT) payment from Glanbia Co-op on all milk supplied during December as their ‘share of GI profit’.
The processor will adjust the Glanbia Ireland base price, late supply bonus and co-op ‘share of GI profit’ payment to reflect the actual constituents of milk its suppliers delivered.
The Glanbia milk price for December creamery milk, based on LTO constituents of 4.2% butterfat and 3.4% protein, is 45.63c/L.
Glanbia Ireland chairman John Murphy said:
“Milk supplies remain moderate in some leading dairy regions, which is underpinning strong international prices for dairy ingredients.”
He confirmed the processor would continue to monitor developments and the impact of the Covid-19 variant.
Late supply bonus
The processor previously confined the 2c/L late supply bonus to creamery milk suppliers.
However, it will now apply to all milk supplied, including all volumes its liquid and autumn calving scheme farmers supply, which are not already subject to premium payments.
See more milk price announcements.