Glanbia, has today (Wednesday, May 12th, 2021) revealed its April milk price.
The milk processor is the second to announce its pricing for the period, after Kerry Group in recent days.
Glanbia milk price April 2021:
In a statement, a spokesperson for Glanbia said:
“Glanbia will pay its member milk suppliers 34.6 cent per litre (cpl) (including VAT) for April creamery milk supplies at 3.6% butterfat and 3.3% protein.”
“Glanbia Ireland (GI) will pay a base milk price for April of 34.18 cpl (including VAT) for creamery milk at 3.6% fat and 3.3% protein. This is unchanged from the March base price.
Furthermore, farmer members will also receive a 0.42 cpl (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 April creamery milk, based on LTO constituents of 4.2% butterfat and 3.4% protein, is 37.65 cpl.
Glanbia Ireland, chairman John Murphy said: “While there is volatility in the price returns for some products, dairy markets generally remain solid.”
“Retail demand continues to be strong, while foodservice demand is starting to recover in some regions. The Board will continue to monitor developments on a monthly basis,” he added.
Kerry Group milk price
Kerry Group revealed its April milk price on Monday, May 10th, 2021. The milk processor was the first to announce its pricing for April supplies.
In a statement to That’s Farming, a spokesperson said:
“Our Kerry Group base price for April milk supplies is 34c/l incl VAT at 3.30% Prot/3.60% Bfat and 37.35c/l incl VAT at EU standard constituents 3.40% Prot/4.20% butterfat.”
“Based on Kerry’s average milk solids for April, the milk price return inclusive of VAT and bonuses is 36.60c/l.”
You can find more milk prices updates here.