The Irish Farmers Association has hit out at Irish Co-ops and their decision to further cut the price of milk paid to their farmer suppliers.
On Firday, IFA’s Dairy Chairman Tom Phelan said the decision by some Co-ops to cut their milk price was ‘a big blow for farmers’.
A Big Blow
The group said it was disappointed, having lobbied intensely over the past two weeks for farmers to maintain, if not increase, the milk price for March supplies.
Phelan was disappointed in Glanbia and Lakeland in particular, who both cut their respective milk prices.
“Cash flow on dairy farms is critical at this time of the year, with farmers facing increased costs of production across the board,” he said.
“When you consider that Ornua will be paying a €19 million year-end operating bonus to member co-ops, up 27% on last year, you’d have to say the decision by Glanbia, in particular, is completely unjustified.”
© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click sign-up to subscribe to Checkout.