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Glanbia is the first processor to set its milk price for October supplies, with its price remaining unchanged from September.
Member milk suppliers will receive 29.41c/l, excluding VAT, for October milk at 3.6% butterfat and 3.3% protein.
Glanbia Ireland (GI) will pay a base milk price for October of 28.63c/l excluding VAT.
Glanbia Ireland Chairman John Murphy said: “In the global marketplace, overall prices have remained generally steady.
“Food service demand in many regions continues to be impacted by COVID-19 restrictions. The impact on dairy markets will continue to be monitored closely over the coming months.”
Farmer members will also receive a 0.39c/l payment from Glanbia co-op on all milk supplied this month as their share of GI profit. The co-op will also pay its members a bonus of 0.37c/l as an additional support payment.
The GI base price and co-op payments will be adjusted to reflect the actual constituents of milk delivered by suppliers.
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