Superlevy of €17m looms as supplies surge
Surging milk supplies and strong price forecasts are pushing the country closer to a significant superlevy bill next April.
With weekly milk supplies to some co-ops running as much as 20pc higher than the same week last year, the ICMSA has predicted a superlevy bill in excess of €17m for next year.
Official figures from the Department of Agriculture due later this week are expected to show that Ireland has exceeded its national quota as of September 30.
"The size of the superlevy won't be known until summer 2014 but we can safely assume that it will be in excess of the €16.5m that we had to pay in 2012," maintained ICMSA dairy chairman Pat McCormack.
Glanbia confirmed yesterday it is 2.6pc or 22m litres over quota, while its subsidiary Premier is 0.2pc or 0.2m litres over quota. Dairygold is running 2.15pc or 7m litres over quota.
Supplies to Kerry are running 15-17pc higher than 2012 on a weekly basis, although a spokesman for the co-op confirmed it was still 2.9pc or approximately 20m litres under quota.
Milk intake at Town of Monaghan is up 20pc on the same week late year and Aurivo is reporting a 16pc weekly increase compared to last year.