The Glanbia board will continue to monitor developments on a monthly basis. \ Donal O'Leary
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Glanbia has increased its base milk price by 1c/l for May supplies of milk at 3.6% butterfat and 3.3% protein to 33.76c/l, excluding VAT.
This price includes the share of Glanbia Ireland profit payment, which is 0.39c/l, excluding VAT, for May.
Glanbia Ireland chair John Murphy said: “Dairy markets are in reasonable balance at present, despite the variable nature of the recovery in demand from the food service sector.
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“The board will continue to monitor developments on a monthly basis.”
Lakeland
Last week, Lakeland Dairies increased its milk price for May by 0.5c/l to 34.15c/l, excluding VAT. The unconditional bonus of 1c/l paid in previous months was incorporated into the base price.
In Northern Ireland, Lakeland replaced its unconditional bonus with an increase of 1.2p/l, lifting the price to 29.2p/l.
Farm organisations had called for a base milk price of 36c/l for May supplies, the peak milk supply month.
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Glanbia has increased its base milk price by 1c/l for May supplies of milk at 3.6% butterfat and 3.3% protein to 33.76c/l, excluding VAT.
This price includes the share of Glanbia Ireland profit payment, which is 0.39c/l, excluding VAT, for May.
Glanbia Ireland chair John Murphy said: “Dairy markets are in reasonable balance at present, despite the variable nature of the recovery in demand from the food service sector.
“The board will continue to monitor developments on a monthly basis.”
Lakeland
Last week, Lakeland Dairies increased its milk price for May by 0.5c/l to 34.15c/l, excluding VAT. The unconditional bonus of 1c/l paid in previous months was incorporated into the base price.
In Northern Ireland, Lakeland replaced its unconditional bonus with an increase of 1.2p/l, lifting the price to 29.2p/l.
Farm organisations had called for a base milk price of 36c/l for May supplies, the peak milk supply month.
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