Glanbia co-op move ‘misguided’

THE drive by the Fresh Milk Producers to take Glanbia Plc back into co-op control is being undermined by some very basic facts.

The KPMG Audited Milk Price shows that in 2002 little separated the price paid by Kerry, Glanbia and Dairygold to farmers for their milk.

On a direct comparison with the co-ops, Glanbia paid €26.79c per litre to farmers for milk. That contrasts with €26.76c from Dairygold, €25.61c from Lakeland; €25.6c by Arrabawn and €24.7c for Connacht Gold. Town of Monaghan paid €25.69c per litre over the same period.