Any cut in the June milk price would be totally unjustified given the Ornua Index remains fixed, the ICMSA has signaled to Ireland’s dairy co-ops.

Glanbia’s global ingredients business is likely to remain challenged in the second half of the year with its managing director anticipating persistent weak milk prices for at least the remainder of this year.

Some serious wealth is being created within the Irish agri-food industry in a very short period of time, writes Joe Gill.

Aaron Kernan admits he feels a responsibility to Gaelic players to perform well when he joins up with Sunderland FC tomorrow. 

KILKENNY SHC FINAL:

A dairy products distribution and milk rounds business would be wiped out overnight if Glanbia Plc was allowed, from today, to unilaterally cut its milk supplies by thousands of litres, the High Court was told yesterday.

Tommy Barker is impressed by the history and style of Clonkerdin House near Dungarvan.

Glanbia’s new chief executive Siobhan Talbot saw her basic salary increase by 16%, last year, although her overall remuneration remained flat due to a lowering in her pension contribution and other benefits.

The Irish Stock Exchange is largely composed of companies that spend a lot of their time and resources serving and building markets overseas. That provides a unique ecosystem of knowledge and skills that provides highly-valued intelligence for the Irish economy.

The stock exchange is largely composed of companies that spend a lot of their time and resources serving and building markets overseas. That provides a unique ecosystem of knowledge and skills that provides highly valued intelligence for the Irish economy.

Succession was clearly a core element of the message being delivered by Glanbia at the unveiling of its half-year results yesterday in Dublin.

A tech company that is taking the guesswork out of farming has received an investment of €1m from Kernel Capital, Bank of Ireland and Glanbia.

The Iseq Index rebounded slightly after several days in the red, in line with most European bourses, as Germany’s president signed off on the ratification of the eurozone’s permanent €500bn rescue fund.

Having spent 37 years with dairy group Glanbia in Kilkenny, Kieran O’Connor has decided to set up his own communications business.

Glanbia has predicted lower Dairy Ireland operating profit and margins for the first half of 2011, as global dairy market prices continue to weaken, and reductions in input costs such as milk price lag behind dairy ingredient price trends.

Glanbia’s group finance director Siobhán Talbot saw her earnings rise by over €100,000 last year.

CONFIDENCE is an admirable quality in business, but could a tiny dot of a country like Ireland really sell the fruits of the land to a nation with one of the biggest land masses on earth?

Over the last two weeks three Irish companies — Glanbia, Kerry Group and Kingspan — have stated they intend to retain their primary stock market listing in Dublin.

FARM groups have told Glanbia that the punishment does not fit the crime for suppliers who fail to comply with limits set under its new seasonality scheme.

TEAGASC food researcher Eimear Gallagher will discuss ways of adding value to grain at the Teagasc National Tillage Crops Forum will take place in the Keadeen Hotel, Newbridge, Co Kildare, on Wednesday next, September 7.

IRISH milk prices have gone from last in the EU last year to the top flight, in a monthly comparison compiled by the Dutch Dairy Board.

DAIRY product markets have swung slightly in favour of Europe, according to experts at the Dutch Dairy Board.

THE 2020 Strategy Committee for agri-food, forestry and fisheries is drawn from senior experts and participants in all aspects of the sector.

DAIRY industry leaders are monitoring worldwide production trends for milk production responses to rebounding prices, especially in the EU and US.

More than 60 jobs are to be axed at a leading food firm, it emerged tonight.

ONE of the country’s biggest dairies has delighted consumers and incurred the wrath of milk producers by cutting 20 cent off a two litre pack of milk.

The ISEQ index of Irish shares ended the day at 3,369.89 points, a drop of 84.89 or 2.46%.

Brian Cody doesn’t focus too much on his future with Kilkenny – but he’s always ready to look to the past and learn from it. He spoke to DIARMUID O’FLYNN

GLANBIA has no plans to increase the price it pays for milk as it prepares for more jobs cuts following what it called a difficult six months.

The IMF's gloomy assessment of the Irish economy appeared to weigh on market sentiment this morning, with the ISEQ index of Irish shares down 52.65 points or 1.91% to 2,703.38 at 11.15am.

GLANBIA’s 4,000 farmer suppliers are set to lose a collective €72 million this year at the current price they are being paid for manufacturing milk.

Thousands of dairy farmers are expected to converge in Kilkenny today for a protest over milk prices.

GEOFF MEAGHER is stepping down as deputy group managing director and group finance director of Glanbia on June 30 of this year having reached the retirement age of 60.

THE country’s dairy farmers are working for less than the average minimum wage of €8.65 per hour, Irish Farmers Association president Padraig Walshe told a milk price meeting in Kilkenny last night.

The ISEQ index gained 22.92 points to end the day at 2,502.48 points.

DAIRY co-ops have been told to put the farmer first even if it means reduced profits and wage freezes for employees and chief executives.

GLANBIA’s decision to cut its milk price by 1.5c/l in May, and by another 1.5c/l in June, was described by the IFA yesterday as an abuse of the group’s position as the largest milk purchaser and an unacceptable pre-judgement of markets at a time when trends are actually positive.

GLANBIA declined to comment yesterday on criticisms by the IFA and ICMSA that it is trying to increase its share of the liquid milk market by giving away supplies to certain retailers.

THE lovely Roses of Tralee didn’t even come close to the pampering that went on in Virginia, Co Cavan, yesterday.

GLANBIA management yesterday announced it will re-employ 60 staff full time and 160 others on a part-time basis after fire gutted the plant in Co Offaly.

THE fire that destroyed Glanbia’s pigmeat processing plant in Edenderry, Co Offaly, has come at a difficult time for the industry.