ICMSA welcome June milk price increase from Glanbia Ireland

The Chairperson of ICMSA’s Dairy Committee has welcomed the decision of Glanbia Ireland to increase its base milk price by 1.68cpl to 29.68cpl. Including the monthly share of profit (0.42cpl), the new total of 30.1cpl is now in line with the market returns and expectations. The Chairperson, Ger Quain, had asked all milk purchasers to pay at least 30cpl for June milk as the dairy market data had clearly shown a recovery from the falls of early May. Commenting on the Glanbia decision, Mr. Quain said it was good see the biggest processor of milk in Ireland stepping forward in this way and paying a market-derived price

In advance of meeting Glanbia Ireland this week, Mr. Quain said that ICMSA will be asking the processor to ensure that this increase is not a ‘once-off’ and asking them to lead the way upwards in terms of milk price in the coming months.

“ICMSA hopes that this will provide the impetus for other Co-operatives to step up and increase their milk price now the first two announcements – Lakelands and Glanbia – have both been positive. The other Co-ops are due to set their milk price in the coming week and very serious questions will be asked of any processor who does not come up to the 30 cents per litre price and still wants to let the farmer-supplier continue to ‘take the hit’ that they have been taking since March”, said Mr. Quain.

Ends    14 July 2020

Ger Quain, 086-3623041

Chairperson, ICMSA Dairy Committee

Or

Cathal MacCarthy, 087-6168758

ICMSA Press Office