Dairy industry needs help to get through its next phase

There may not be a Plan A or Plan B in sight for some of the dozen or so co-ops involved in milk processing, which face major difficulty in funding processing expansion

There is no Plan B, says Glanbia managing director John Moloney, of the group’s proposal for expansion of milk processing — on which their 7,800 active members must vote on Tuesday, Nov 13.

He says all options were assessed, and they came up with the joint venture proposal, to cope with up to 60% growth in milk output by 2020. It would be part-funded by the sale of 3% of Glanbia plc share capital.