IFA estimates Glanbia’s 4,000 suppliers to lose a collective €72m

GLANBIA’s 4,000 farmer suppliers are set to lose a collective €72 million this year at the current price they are being paid for manufacturing milk.

The Irish Farmers Association calculated the loss yesterday as it continued with a campaign of protest against milk price cuts in Portlaoise and Wexford.

Dairy Committee chairman Richard Kennedy, speaking in Wexford last night, urged Glanbia’s farmer-board members to apply creative thinking to reverse its 3.7c/l cut for March.