Glanbia incurs farmers’ wrath over milk price cuts

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.

Two litre packs of Glanbia’s main brands, CMP, Snowcream, Premier, and Avonmore – will now have a standard price of €1.79 in the main retail stores and €1.99 in convenience stores. Competition has always been strong in the milk market and in the past year, it has heated up noticeably as consumers demand better value in the supermarkets as Northern diaries increase their foothold in the south.

This is the second price cut made by Glanbia, the country’s biggest milk processor. Earlier this year, Glanbia announced that it would reduce the rate it paid for milk to a VATinclusive price of 21.04c/l for March milk, which farmers equate to a price of 20c/l excluding VAT. This was an 8% cut in prices.