No 'immediate' return of Ornua levy
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.