More co-ops launch phased payment as EU action on superlevy unlikely
With Ireland 6.44% over quota entering September, and several co-ops running at 8-9% over quota, more co-ops are announcing phased payment schemes to help with potential superlevy bills.
Farmers are also taking action, resulting in national over-production falling from 6.79% over quota at the end of July to 6.44% over quota at the end of August. But this compares to 0.36% under quota 12 months previously, when Irish farmers were on their way to an eventual superlevy bill of about €10.5m.
