Glanbia Co-operative Society introduces 2016 member support package

By Frazer Jones
While the global demand for dairy is on the rise, its a fluctuating market especially prone to variations. Understanding the difficulties that a lean ye...

While the global demand for dairy is on the rise, it’s a fluctuating market especially prone to variations. Understanding the difficulties that a lean year can create for dairy producers—many of which are small operations—Irish dairy cooperative Glanbia Co-operative Society Ltd announced the assembly and details of its 2016 Member Support Package valued at approximately €35.6 million ($38.7 million).  

RELATED CONTENT: [INFOGRAPHIC] New Report Illustrates Top 14 Upcoming Trends in Dairy

 “The current weak state of global dairy and grain markets makes this a very challenging time for members of our Society,” said Henry Corbally, chairman of Glanbia Co-operative Society, in a statement to the press. “The Board of the Society recognises that 2016 looks likely to be a difficult year for our members and has resolved to provide support at this challenging time. We are today pleased to announce details of a 2016 Member Support Package worth at least €35.6m.”

RELATED CONTENT: Nestle UK & Ireland Builds a More Sustainable Dairy Supply Chain

This support package builds on last year’s 2015 Member Support Package which was valued at €30 million, and is funded using a portion of the €67 million earned by the Society’s sale of four million Glanbia plc shares in mid-2015. According to the statement from the Glanbia Co-operative Society, this year’s package will provide support through several means including:

  • At least €21 million in milk price subsidization support (roughly one cent per liter for member-supplied milk in 2016;
  • A rebate of €7 per tonne on feed and fertilizer purchased from Glanbia by members in 2016;
  • Rebates of €5 per tonne on green grain and €2 per tonne on dried grain (with a €40 per tonne minimum spend);
  • A Special Dividend, equating to share interest of 25 cent per share, to all members with a total of €10.6 million.


“This 2016 Support Package demonstrates the power of the Glanbia model,” added Corbally. “Farmer members are paid a competitive market price for their produce, and also benefit from the value created in Glanbia plc.”


Featured Articles

Unilever CEO Schumacher Lays out Plastics Roadmap

Unilever CEO Hein Schumacher sets out a roadmap to a Global Plastics Treaty, in wake of controversy that saw company criticised for watering down ESG goals

Ahold Delhaize Targets Sustainability & Omnichannel Goals

Multinational food business Ahold Delhaize prioritises sustainability and omnichannel innovation as part of its new plan for financial and strategic goals

US Bird flu Turns Spotlight on Milk Pasteurisation

As bird flu sees sales of raw milk spike, we look at the work of Tetra Pak, a giant in the world of pasteurisation.

Nestlé 'Meeting Sustainability Targets on Nescafé Coffee'


Coffee Prices Soar as Extreme Weather Hits Brazil & Vietnam


Guinness & Carlsberg Back Drought Resistant Grain for Beer