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4 days ago | 
farmersjournal.ie | Lorcan Roche Kelly
Members of Tirlán Co-op will receive a letter in the coming days from the processor outlining how many shares in Glanbia they are set to receive from the spinout of 15m shares held in the company by Tirlán. The vote on the move was passed by members in early October last year, a time when the shares in Glanbia were trading significantly higher than the price this week.
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1 week ago | 
farmersjournal.ie | Lorcan Roche Kelly
President Donald Trump and his trade team announced a trade deal with the UK at a press conference in the White House on Thursday. Trump said the deal is “comprehensive” while his trade secretary Howard Lutnick said the deal would include “beef”.
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1 week ago | 
farmersjournal.ie | Lorcan Roche Kelly
The annual general meeting of FBD, held in Dublin on Thursday, heard from chief executive Tomás Ó Midheach who said that growth momentum has been sustained for the first four months of 2025 with gross written premiums 10% higher than the same time last year.
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1 week ago | 
farmersjournal.ie | Lorcan Roche Kelly
This year’s round of meeting with management of Ireland’s largest dairy co-ops generally had a much more positive tone about the state of the industry than what the Irish Farmers Journal encountered 12 months ago. While the first half of 2024 was dominated by inclement weather, rapidly falling milk supply and difficult global dairy market conditions, there was a notable turnaround in all of those challenges in the second half of the year.
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1 week ago | 
farmersjournal.ie | Lorcan Roche Kelly
The latest grocery market data from Kantar shows that grocery price inflation quickened to 4.91% in the 12 weeks to the end of April, some 2.52 percentage points higher than the rate seen a year ago.
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2 weeks ago | 
farmersjournal.ie | Lorcan Roche Kelly
Kerry Group’s interim management statement said reported revenue increased 6.3% in the first three months of the year. The increase was mostly driven by volume growth of 3.1% and currency movements of 2.3%. Price changes added 0.2% to revenue in the three months. On a regional basis, growth was flat in Europe, 3.5% higher in the Americas and 5.1% higher in the rest of the world. The company noted that the Chinese market remains challenged.
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2 weeks ago | 
farmersjournal.ie | Lorcan Roche Kelly
The almost 12% rise in Glanbia’s share price following the publication of the company’s results for the first three months of 2025 on Wednesday morning did little to dampen shareholder frustration about Glanbia’s recent market performance at the annual general meeting held later that day in Naas. Despite the bounce in shares to around €11.30 each by the time the AGM started, Glanbia shares were still trading more than 35% lower than where they were a year ago.
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2 weeks ago | 
farmersjournal.ie | Lorcan Roche Kelly
Tirlán reported a 5% increase in revenue to €2.66bn and a slight decrease in operating profit to €67.2m for 2024. The processor made payments of €1.5bn to farmers for the milk and grain supplied during the year, an increase from the €1.2bn paid in 2023. Tirlán maintained its significant lead as Ireland’s largest milk processor with a 3.028bn litre milk pool in 2024. This was approximately 1% lower than 2023’s volume.
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2 weeks ago | 
farmersjournal.ie | Lorcan Roche Kelly
Aurivo Co-operative Society reported that it made an operating profit of €17m last year, a significant improvement on the €5m operating profit in 2023. Revenue was up 13.5% to €725m and net debt dropped from €26.5m to €11.5m. Aurivo created a milk stability fund of €3m to help manage future milk-price volatility. In a year which saw milk volumes drop across the island, the co-op managed to increase the amount it processed by 1.5% to 516m litres.
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2 weeks ago | 
farmersjournal.ie | Lorcan Roche Kelly
Aurivo Co-operative Society reported a 13.5% increase in revenue to €725.1m, a 236% jump in operating profit to €17m and a 1.5% increase in milk volume collected to 516m litres in 2024. The co-op paid €3m into a milk stability fund to help manage future milk price volatility and reduced net debt by more than half to €11.5m.
