ICMSA accuses Glanbia and Kerry Group of profiteering
Prices being paid by pair 'hopelessly adrift' of market returns, says association
ICMSA has accused Kerry Group and Glanbia of profiteering off buoyant dairy markets while their suppliers struggle to cope with mounting farm debts and atrocious weather conditions.
ICMSA deputy president Pat McCormack said the milk prices being paid by Kerry and Glanbia were "hopelessly adrift" of market returns.
He said there was growing anger and despair among dairy farmers who were battling through one of the worst fodder and weather crises in living memory.
"The level of anger amongst farmers is building rapidly, as we see the IDB Index reach 120.6 from a January level of 111.0 at the same time as Kerry decide not to pay any increase at all for April milk, and Glanbia throws 1c/l the way of its suppliers and describes it as some kind of 'hardship payment'," said Mr McCormack.
Glanbia has given 1c/l of a hardship bonus for April supplies only, but the company's base price is unchanged at 35c/l including VAT. Kerry has also held on 35c/l.
In contrast, Town of Monaghan increased its milk price by 2c/l to 37c/l including VAT for April. Centenary Thurles has also increased its April milk price, with a 1c/l lift bringing it to 36c/l including VAT.
It remains to be seen whether the remaining creameries will join Town of Monaghan on 37c/l, as a raft of co-op board meetings are due to take place this week.
The boards of Connacht Gold, Lakeland and Wexford are due to meet on Thursday, while the West Cork co-ops and Dairygold are also expected to meet this week.