Glanbia drops 2c per litre plan for milk suppliers post-quota

Glanbia has told its milk suppliers they won’t have to pay a proposed 2c per litre capital contribution to post-quota expansion.

The board of Glanbia Ingredients Ireland Limited (GIIL) has dropped the 2cpl levy as part of a package of measures to promote growth in milk supply post-2015, which it says will be in the long-term interest of both the business and milk suppliers.

The board has also created a €5m Manufacturing Milk Price Stability Fund in 2014/15.