April 12, 2016
Tuesday, 12 April: In recognition of the on-farm challenges currently experienced by Irish dairy farming families, due to the global dairy market downturn, the Ornua Board is suspending the monthly Ornua milk levy from 1st May 2016.
Through the milk levy, Irish dairy farmers directly contribute to the Kerrygold brand and the marketing development of Irish dairy products in over 110 countries. Notwithstanding the levy’s important contribution to Ornua, it is hoped that the suspension will go some way towards supporting farming families at this difficult time. In 2016, it is estimated that the suspension will return nearly €6 million to Irish dairy farmers.
The Ornua Board will reconsider the suspension of the milk levy when the Ornua Purchase Price Index returns to 103 (30.5 cpl incl. VAT) for three consecutive months.