Farm Ireland
Independent.ie

Saturday 20 January 2018

Tillage farmers call on Glanbia to review costs

Farm bodies have called on Glanbia to review their drying and storage costs, amid warnings their prices were "out of line" with the industry.

IFA grain chairman Liam Dunne said many farmers who attended a meeting in Enniscorthy on grain prices had warned they were going to "stop trading" with Glanbia.

Many were extremely disappointed with the offering of €130/t, excluding VAT, for barley and €138/t for wheat.

They felt they had a good harvest with strong yields yet were still being "hit in the pocket".

Glanbia set the price of malting barley at €162/t, plus VAT, and a €5/t bonus if they meet criteria.

Colm Eustace, chief executive of Glanbia Agribusiness, said around 40pc of the grain attracts a bonus worth €2m to contracted growers.

Mr Dunne said merchants were offering from €135/t to €140/t for green barley, with green wheat around €7/t over the price.

Pat Ryan, from merchants Liffey Mills, said forward selling was key and farmers should be trying to lock in if they are receiving a profit.

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He said the yields would have eased pressures this year but questioned how "sustainable" it is in the long-term.

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