IFA claims Glanbia move to ease financial pain of farmers insufficient

GLANBIA has moved to ease the pain of its milk suppliers over reduced prices but the Irish Farmers Association said it was disappointed the food group could not have done more.

Glanbia said it had reduced manufacturing milk price significantly and this raw material input cost remains at a level above which this business unit can break even.

However, in the belief that dairy markets appear to have reached the bottom and with some recovery in markets anticipated in late-2009, it decided to sustain current manufacturing milk prices.