In­ter­est high for Glan­bia fixed milk price con­tracts

Irish Independent - Farming - - Front Page -

GLAN­BIA has re­ported strong in­ter­est among its sup­pli­ers for its fixed milk price con­tract for the next three years. Sev­eral hun­dred ap­pli­ca­tion forms for the milk price deal have been re­quested by sup­pli­ers ahead of the clos­ing date this Fri­day.

Some farm­ers have al­ready signed up for the deal, which will pay them 28c/l ex­clud­ing VAT and ad­justed for con­stituents, with in­dex­a­tion of farm in­put costs.

How­ever, the ma­jor­ity of farm­ers are wait­ing to hear more about the con­tract at a se­ries of re­gional in­for­ma­tion meet­ings tak­ing place this week.

Jim Ber­gin, CEO of Glan­bia Food In­gre­di­ents Ire­land, said the com­pany's tar­get was to sign up the equiv­a­lent of 10pc of Glan­bia's to­tal man­u­fac­tur­ing milk pool of 1.4bn litres at the fixed price.

Mean­while, the pro­ces­sor is also ask­ing farm­ers to help de­cide how Glan­bia should be ex­panded and de­vel­oped into the fu­ture.

The de­tailed re­view of likely fu­ture milk sup­plies will help to de­ter­mine milk pro­cess­ing ca­pac­ity re­quire­ments over the pe­riod up to the end of milk quo­tas, said Mr Ber­gin.

“ If farm­ers are go­ing to ex­pand by 5pc, then we need to plan for that but if they are go­ing to ex­pand by 15pc, we need to make the nec­es­sary changes,” he in­sisted.

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