Glanbia's nutritional ingredients plant at Belview, Co Waterford. \Donal O'Leary
ADVERTISEMENT
Glanbia is set to make some adjustments to its peak milk supply scheme.
At a meeting of Glanbia’s advisory council on the morning of Wednesday 20 April, chief agribusiness growth officer Seán Molloy told farmers that the board would be looking at ways of reducing the impact of the scheme on farmers when it met later again on Wednesday.
The possibility for flexibility arises because milk supply is down year-on-year for 2022 so far.
ADVERTISEMENT
Glanbia’s March supplies were back 3% on 2021. With fertiliser prices at record highs, supply volumes are not expected to catch up with last year.
While construction on Glanbia’s joint venture cheese plant is now finally underway after the planning objection brought by An Taisce was quashed, that is not a factor in the short-term. Glanbia’s processing capacity will be slightly higher than it was in 2021 due to investments.
However it is the change in supply patterns, the first drop in spring supplies since the ending of quotas in 2015, that is creating the space for Glanbia to introduce some flexibilities in its supply scheme.
The details of exactly what changes are being implemented are expected to be announced shortly after the board approves them.
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Glanbia is set to make some adjustments to its peak milk supply scheme.
At a meeting of Glanbia’s advisory council on the morning of Wednesday 20 April, chief agribusiness growth officer Seán Molloy told farmers that the board would be looking at ways of reducing the impact of the scheme on farmers when it met later again on Wednesday.
The possibility for flexibility arises because milk supply is down year-on-year for 2022 so far.
Glanbia’s March supplies were back 3% on 2021. With fertiliser prices at record highs, supply volumes are not expected to catch up with last year.
While construction on Glanbia’s joint venture cheese plant is now finally underway after the planning objection brought by An Taisce was quashed, that is not a factor in the short-term. Glanbia’s processing capacity will be slightly higher than it was in 2021 due to investments.
However it is the change in supply patterns, the first drop in spring supplies since the ending of quotas in 2015, that is creating the space for Glanbia to introduce some flexibilities in its supply scheme.
The details of exactly what changes are being implemented are expected to be announced shortly after the board approves them.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS