27 Dec 2024

Dairy businesses | Glanbia decides on August milk price

Glanbia has said the return of buyers after a quieter than normal holiday period has brought stability to the market.

Glanbia has held August milk price the same as it paid in July, a base price of 33.8c/l ex-VAT at 3.3% protein and 3.6% fat, including the share of the Glanbia Ireland profit.

Earlier in the day, Lakeland Dairies increased base milk price by 0.5c/litre to take it to 34.6c/litre ex-VAT at base solids.

Glanbia Ireland chair John Murphy said: “The return of buyers after a quieter than normal holiday period has brought stability to the market.

“The board will continue to monitor developments on a monthly basis,” he added.

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Topics |
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