Glanbia must pay top price, says Kennedy
IFA National dairy chairman, Richard Kennedy from Clarina, says that the board of Glanbia cannot ignore the depth of feeling among their suppliers over their milk price slashes.
"The cuts implemented by Glanbia so far have reduced the income of their average supplier by over €5,000 over the April to June period alone," he said. "This is at a time when feed, fertiliser and fuel costs are shooting up, and could reduce 2008 dairy incomes by over 10 per cent."
Glanbia, Mr Kennedy said, must not look after the stock market at the expense of their milk supplier co-op shareholders. "They must see to it that producers get a fair return from their large, efficient and higher value product mix, as well as their highly profitable overseas businesses," he said.
"Glanbia must put forward a pricing structure which will guarantee their suppliers the top milk price in the country," he said.
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Wednesday 23 May 2012
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