IFA CALLS ON GLANBIA TO REVIEW GRAIN PRICE OFFER

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IFA CALLS ON GLANBIA TO REVIEW GRAIN PRICE OFFER
20 Oct 2015

IFA CALLS ON GLANBIA TO REVIEW GRAIN PRICE OFFER

Grain

IFA National Grain Chairman Liam Dunne said that Glanbia must review its grain price offer on green barley and wheat given that markets have firmed over the last few weeks. Despite good yields, growers are struggling for the third year running to cover costs and remain viable.
Mr Dunne said, “The merchant trade must put their best foot forward and support growers through another difficult financial year. Otherwise, we will see a further reduction in the sown area for 2016. Firmer grain prices of late are capable of supporting a stronger green price and this should have been reflected in yesterday’s price offer by Glanbia.”
Independent merchants and smaller co-ops are paying from €135/t to €140/t for green barley and from €142/t to €147/t for green wheat (prices quoted are exclusive of vat). The IFA Grain Chairman called on Glanbia to review their prices in light of the strengthening market situation.

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