Ireland: no penalties by Glanbia for milk suppliers

In Ireland following the latest review of milk supply forecasts for 2022, the biggest dairy cooperative Glanbia has announced that no penalties will be applied to milk suppliers that exceeded their Peak Milk allocations in April, May or June in 2022. One year ago Glanbia has announced a mechanism to manage the rate of growth in peak milk supplies in April, May and June from 2022. For expanding suppliers among others there was announced a milk price deduction of 30 percent. For the year-to-date, milk supply to Glanbia is running 2.3 percent behind the same period last year, mainly due to the unprecedented surge in farm input costs.

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