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The move by Glanbia to increase its November milk price 1c/l to 28c/l (excluding VAT) was its first step towards price levels more in line with improved market returns, according to IFA dairy chair Tom Phelan.
He said that other co-ops now must follow suit.
"All co-ops, including Glanbia, must prepare to increase prices further to better reflect actual market returns as we move into 2020.
“The November Ornua PPI is 30.26c/l (excluding VAT). EU average dairy market prices would currently return another cent or so above that. Clearly, there is scope for all co-ops to continue to improve prices this month, and into 2020,” he said.
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