Glanbia is the first processor to set its milk price for November supplies, with its price rising marginally from October.

Member milk suppliers will receive 29.89c/l, excluding VAT, for November milk at 3.6% butterfat and 3.3% protein.

Glanbia Ireland chair John Murphy said: “Tighter restrictions due to global COVID-19 cases continue to impact the foodservice channel, while retail is performing well in the run-up to the festive season.

A trade deal is really important for the Irish dairy sector

“Brexit negotiations are at a critical stage and we will continue to closely monitor over the coming days. A trade deal is really important for the Irish dairy sector.”

Bonus payments

Glanbia has said an additional payment of 0.5c/l will be made on all November milk supplies to mark the launch of Glanbia Ireland’s operation biodiversity initiative, aiming to drive increased planting of native trees and hedgerows.

Members will also receive a 0.40c/l excluding VAT payment on all milk supplied this month as their ‘Share of GI Profit’. The co-op will also pay a bonus of 0.38c/l excluding VAT as an additional support payment.

The actual average price paid by Glanbia for November creamery milk, based on delivered constituents, will be approximately 40.79c/l excluding VAT.

Operation biodiversity

Glanbia Ireland has said it will donate significant volumes of trees and hedging plants as part of a long-term programme to encourage biodiversity.

Everyone can help make a difference

Irish tree and hedgerow bundles are available through all Glanbia agribusiness branches.

Murphy said: “Everyone can help make a difference through our operation biodiversity initiative. Every single tree or metre of hedgerow planted helps enrich our landscape for generations to come.

Price gap

Meanwhile IFA dairy chair Tom Phelan has called for the gap between the highest price and the lowest among processors to be addressed.

Trade has held steady, with positive indications for the market

Phelan said: “Despite the turmoil of this year, the dairy sector is robust. Trade has held steady, with positive indications for the market. The latest GDT auction reported a 4.3% rise in prices, with significant gains across all commodity groups.

“Not enough processors have stepped up to the plate and paid a milk price that reflects the marketplace. The gap between the highest payers and the lowest payers is widening, not narrowing.”

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