06 Jul 2020
FARMERS VERY CONCERNED ABOUT REVIEW OF ORNUA PPIDairy
Speaking after a meeting of the National Dairy Management Committee on Friday last, IFA President Tim Cullinan said reports that Ornua were reviewing aspects of the Purchasing Price Index (PPI) had left farmers very concerned.
He said IFA was looking for a top-level meeting with Ornua.
“Farmers and IFA have always valued the transparency the PPI has brought to the dairy market. The same transparency must apply to any proposed change in any aspect of the PPI. Any review must also be used to show the full benefits Ornua returns to co-ops,” Mr Cullinan said.
“I think Ornua need to reflect on the timing of the review when there is such volatility and uncertainty in the market due to COVID-19 and with Brexit looming. Farmers need to have full confidence in the PPI and we can’t risk any perception that the goalposts are being moved,” he said.