Peak Supply Management Policy amended at Glanbia Ireland
Glanbia Ireland has announced a number of amendments to its mechanism to manage the rate of growth in peak milk supplies from next year.
Among the new measures announced is a €6.7 million Voluntary Peak Reduction scheme that will be funded by Glanbia Co-operative Society.
Chairman, John Murphy, said that Glanbia Ireland has listened carefully to feedback from a series of meetings with the Co-operative’s representative structure and other stakeholders.
He said that the Board and management is acutely conscious of the impact that the delay in bringing a new cheese plant into production is having on individual farm families.
“We find ourselves in a place none of us want to be. Our investment plans are delayed as a consequence of a Judicial Review of a planning approval for our proposed Belview JV facility. Our existing facilities and cooperation with other processors can facilitate some milk volume growth at peak, but not at the level that matches our farmers’ production plans for next year.”
Among the new measures agreed by the Board are:
It is planned to issue letters with peak allocations to suppliers next week. Glanbia Ireland will continue to engage with individual suppliers to address their concerns surrounding the new policy.
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