Farm Ireland
Independent.ie

Tuesday 17 October 2017

No 'immediate' return of Ornua levy

The offices of Ornua, Ireland’s biggest dairy exporter
The offices of Ornua, Ireland’s biggest dairy exporter
Ciaran Moran

Ciaran Moran

The Ornua Board has decided that no immediate reintroduction of the monthly Ornua milk levy will take place.

The milk levy was suspended on the 1 May 2016.  It was agreed at that time that the Ornua Board would reconsider the suspension of the milk levy when the Ornua Purchase Price Index returned to 103 (30.5 cpl incl. VAT) for three consecutive months.

However, the Ornua Board has decided, in recognition of the ongoing challenges being experienced by Irish dairy farming families due to the recent global dairy market downturn, that a more sustained period of a sustainable milk price would be required before a reintroduction is considered. 

The Ornua Board will reconsider the suspension of the milk levy, again, in Autumn 2017.

In 2016, it is estimated that the suspension will returned nearly €6 million to Irish dairy farmers.

Also Read



For Stories Like This and More
Download the FarmIreland App


Online Editors

Independent.ie Comments Facility

INM has taken the decision to remove the commenting facility on its online platform Independent.ie to minimise the legal risk to our business that arises from Ireland's draconian libel awards system.

We continue to look forward to receiving comments through direct email contact or via social media, some of which may still be featured on the website Independent.ie