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IFA National Dairy Chairman Tom Phelan has commented that farmers, at this point, need their co-ops’ spokespeople and leaders focused on holding prices and paying justified top-ups on 2017 supplies.

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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.

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IFA National Dairy Committee Chairman Sean O’Leary today welcomed the announcement by Carbery that they would pay an end of year bonus of 1c/l on all 2017 milk supplies.

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Even allowing for some supporting of milk prices in early 2016, co-ops should be in a comfortable position to hold prices at least until spring, and should even examine their overall 2017 financial situation to consider the payment of end-year bonuses.

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Commenting on the very day that the GDT is having its 200th auction, IFA National Dairy Chairman Sean O’Leary said that while international dairy prices are easing, Irish co-ops are still benefiting from contract returns signed in better times, as evidenced by the September rise in the Ornua PPI.

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