IFA National Dairy Chairman Tom Phelan said the 1c/l April milk price cut announced early this week by both Glanbia and Lakeland was a further blow to dairy farmers on top a 2c/l and 1.8c/l cut respectively applied last month.
IFA President Tim Cullinan has welcomed the announcement by McDonald’s that they are planning to re-open some of their restaurants in Ireland next week.
Speaking after a meeting of the National Dairy Management Committee of IFA, President Tim Cullinan said all co-ops need to re-evaluate their profit margins and expectations, just as their farmer suppliers are having to do, in response to the very real challenges caused for dairy markets by COVID19.
IFA National Dairy Chairman Tom Phelan said co-ops should carry out a root and branch examination of all costs of doing business. It is unacceptable that farmers are taking the full brunt of the COVID crisis.