Glanbia and Lakeland price lifts ‘the minimum farmers needed’
Increases from milk processors Glanbia and Lakeland Dairies to the June price of their suppliers are “the minimum farmers needed” amid a very challenging year, according to the Irish Farmers’ Association (IFA).
Commenting on the price announcements of the processors in recent days, IFA National Dairy Committee chairman Tom Phelan said the milk price increases of 1c/L and 1.48c/l, implemented by Lakeland and Glanbia respectively, meant co-op member farmers would receive at least 30c/L for their June supplies.
The dairy chairman urged all other co-ops to follow the Lakeland and Glanbia example.
Milk price announcements
Earlier today, Monday, July 13, Glanbia revealed that it will pay its member milk suppliers 30.1c/L including VAT for June creamery milk supplies at 3.6% butterfat and 3.3% protein.
A spokesperson for the processor said that Glanbia Ireland will pay a base milk price for June of 29.68c/L including VAT for creamery milk at 3.6% fat and 3.3% protein.
The Glanbia base price has increased from 28c/L in May to 29.68c/L for June, an increase of 1.68c/L, it was added.
Farmer members will also receive a 0.42c/L including VAT payment from Glanbia Co-op on all milk supplied this month as their ‘Share of GI Profit’.
The Glanbia Ireland base price and the Share of GI Profit payment will be adjusted to reflect the actual constituents of milk delivered by suppliers.
Meanwhile, Lakeland suppliers in Northern Ireland will receive an increase of 1.25p/L to their milk price, for a June figure of 24.25p/L.