The board of Glanbia has decided to hold its milk price for September supplies. Glanbia suppliers will continue to receive 30.36c/l (excluding VAT) for milk supplied, at 3.6% butterfat and 3.3% protein.

Glanbia increased its milk price last month but removed a co-op support payment, meaning the price was unchanged. Following an increase in June, the price received by Glanbia suppliers has remained unchanged.

Challenging

Glanbia chair Martin Keane said: “In a year that has been extremely challenging from a weather perspective, September conditions were ideal for milk production. Our milk supply for the month was very strong compared with the same month last year.”

Favourable weather and supplementary feeding has also boosted milk constituents, resulting in an actual average payment for milk this month of 38.35c/l.”

He added that there had been a rapid decline in European butter markets and that the board would continue to monitor developments closely.

On Tuesday, Lakeland Dairies announced it was holding its milk price for September.

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Following an increase in June, the price received by Glanbia suppliers has remained unchanged.