FMP proposals for Glanbia still alive

PROPOSALS to take Glanbia plc back into a farmer-owned co-op have not gone away, despite a warning that the move could risk the food giant's future survival.

Fresh Milk Producers (FMP), the group urging the move, is going ahead with a number of farmer meetings over the coming days. Glanbia co-op council and board members have also been invited to attend.

But Glanbia chairman Tom Corcoran said in a letter to farmer members that the co-op board fully considered all aspects of the FMP suggestion and concluded this action would not be in their best interests.