Glanbia lifts peak milk limits for 2022

Following the recent review of milk supply projections for 2022, the Board of Glanbia Co-op has announced that no penalties will be imposed on milk suppliers who exceed their peak milk allocations in May or June 2022.

The Board has also decided not to deduct penalties from the small number of suppliers who exceeded their individual maximum allocation for April.

Year-to-date, milk supplies to Glanbia are down 2.3% from the same period last year, largely due to what is said to be an “unprecedented” rise in input costs.

John Murphy, Chairman of Glanbia Co-op, said: “We believe that the suspension of penalties for April, May and June 2022 is reasonable given the latest milk supply projections and the fact that we have milk processing capacity available as we approach the peak, is appropriate. By investing in our facilities, we will be able to process additional quantities of milk this year compared to last year. However, milk delivery volumes remain lower than last year, so we believe it is now appropriate to remove the threat of penalties for peak delivery in 2022.”

The Chairman appreciated the suppliers for taking steps to ensure their peak milk supplies are in line with their individual cap allocations.

The delay in the plan approval process for a new Belview cheese factory necessitated the implementation of a peak management policy for April, May and June in 2022, 2023 and 2024.

The changes announced today only apply to 2022, with the peak management policy continuing to apply to 2023 and 2024 as previously announced. Milk suppliers should continue to use Glanbia Connect to track their peak supply versus their allocation.

The board will continue to monitor the situation and will keep the milk suppliers informed of developments. Glanbia lifts peak milk limits for 2022

Fry Electronics Team

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