Leaked IDB minutes are cause for concern
Tensions ran high at last Wednesday's Irish Dairy Board meeting when the issue of leaked minutes from their previous meeting was raised.
The minutes, which are normally only circulated to board members, formed the basis of a number of reports in the most recent version of Barry Wilson's Dairy Industry Newsletter, which is circulated among processors worldwide.
The newsletter was able to quote item two from the minutes regarding a recent article about alleged metal contamination in a consignment of cheese sold by the IDB to Tesco.
This is the latest incident in a series of leaks from the IDB's board meetings which are perceived by some as an attempt to undermine the organisation.
The leaked minutes from the IDB's meeting said that a previous report was "unfair" in suggesting "a cost of between £10m and £20m arising from the metal contamination incident". Instead the IDB claims that the incident will cost around €4.75m.
The minutes added that "on advice from Tesco, management have decided not to respond to the article".
The newsletter also reported that despite a 5pc increase in the IDB's first quarter sales volumes, earnings were lower than expected.