Glanbia Takes First Step Towards Better Milk Prices

IFA National Dairy Committee Chairman Tom Phelan said the move by Glanbia to increase their November milk price 1c/l to 30c/l incl VAT was their first step towards price levels more in line with improved market returns.

He said other co-ops now must follow suit.  All co-ops, including Glanbia, must prepare to increase prices further to better reflect actual market returns as we move into 2020.

“The November Ornua PPI is 31.9c/l incl VAT.  EU average dairy market prices would currently return another cent or so above that.  Clearly, there is scope for all co-ops to continue to improve prices this month, and into 2020,” he concluded.