Glanbia defer November Milk Price decision fearing a No deal Brexit car crash

In a comprehensive letter to its Anglesey mozzarella cheese factory suppliers Glanbia’s CEO Paul Vernon has outlined the crisis the company would face if we end up with a no deal Brexit and the proposed tariffs.

Cheese sales to the EU will incur a crippling tariff of 1852 Euros/tonne which represents a cost of approximately 60% on current sale prices and in PPL terms represents 18ppl!!

Glanbia Anglesey export almost half of its Mozzarella output and this tariff coupled with Zero tariffs on imported mozzarella results in l a very potent cocktail to swallow.

Consequently Glanbia has suspended its policy of giving producers one clear calendar months notice of milk price changes until its clear what future trading relationships post 31st October will be in place.