IFA, Glanbia divided on commodity prices

The IFA has said Glanbia’s decision to cut its milk price by 1c per litre, to 24c/l including Vat, is a serious confidence blow to Glanbia suppliers facing into an expensive winter.

The IFA said its dairy producers were particularly surprised as Glanbia’s cut comes in the same week when Kerry Group held its milk price at 26c/l, while Lakeland Dairies held its price at 26.25c/’.

Kerry’s price has been the same for September and August, while Lakeland had cut its August milk price by 0.75c/l.