Glanbia Holding December Price & Topping Up Second Half Supplies the Right Decisions

IFA National Dairy Chairman Tom Phelan said the decisions by the Glanbia Board to hold the December milk price and to top up second half supplies by 1.1c/l were correctly made, and he commended board members for listening to IFA dairy reps and farmers.

Mr Phelan said today’s decisions mean Glanbia has now paid 1c/l on first half, and 1.1c/l for second half supplies, which will help ensure Glanbia farmers will not be at a disadvantage relative to the average milk price paid by co-ops from July to December.

He said now that both Carbery (West Cork Co-ops) and Glanbia had made the move to top up 2017 milk payments, other co-ops need to look very closely to their own situation to ensure their suppliers are not left behind.

“Over the coming weeks, suppliers to Glanbia and no doubt to many other co-ops will be invited to attend information meetings all around the country. I urge co-ops to focus those meetings less on talking down milk prices, and more on outlining how they will work with and support farmers through downturns,” Tom Phelan concluded.

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