Dairy Board pays suppliers €11m bonus

Co-ops which sell dairy products through the Irish Dairy Board can look forward to the Board paying a record bonus for 2014 of €11 million, up 12% year-on-year.

The board exports 60% of Ireland’s dairy produce to over 100 markets around the world, with about 14,000 of Ireland’s 18,000 dairy farmers depending directly or indirectly on the board’s returns.

“We had a record year in 2014 for product price. Product purchases and exports were up 16%, some 41,000 tonnes, IDB chairman Aaron Forde told the Oireachtas Committee on Agriculture, Food and Marine.