Dairy farmers are retaining some hope of a profitable 2012 following this week’s decision by Glanbia to hold its June milk price at 28.5c per litre, including Vat.

A contribution of two cent per litre on forecast growth milk volumes for five years from 2015 is being proposed to Glanbia milk suppliers, as part of a milk supply agreement plan from 2015.

Glanbia has unveiled trade deals that bring to 9,000 tonnes its annual dairy and nutritional ingredients business in China.

DAIRY farmers will be invited to enhance their financial management skills under a Glanbia and Teagasc programme to be rolled out to all Glanbia suppliers over the autumn and winter.

GLANBIA has told its suppliers it is facing 2010 with cautious optimism, stemming from signs of market recovery.