Farmers criticise Glanbia price cut

IFA national dairy chairman Sean O’Leary says Glanbia has shortchanged farmers by seeking to keep the cost of milk well below that paid for by other co-ops.

Glanbia Ingredients Ireland Ltd is to cut 2c/l off its milk price, which means it will pay 22c/l including Vat for March milk.

The company’s suppliers will receive 24c/l, but this figure will include an exceptional Ornua bonus and a co-op top up, which Mr O’Leary says is effectively the farmer’s own money.