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Glanbia Ingredients Ireland (GII) has increased its base price by 2c/l including VAT for manufacturing milk at 3.6% fat and 3.3% protein.
Glanbia will pay its member suppliers 24.7c/l excluding VAT for September manufacturing milk supplies. This price is inclusive of a 1c/l Glanbia co-op support payment to its members.
Separately, the board of Lakeland has also increased its base price by 1c/l bringing its price to 24.7c/l excluding VAT also.
History
Lakeland has increased its milk for each of the past three months as dairy markets have continued to show more life.
The move represents a 5c/l gain for Glanbia suppliers over the last three months.
In July the board of GII increased its price by 1c/l, in August it rose again by 2c/l and now the September price has risen a further 2c/l.
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