Received a letter today (in common with other Glanbia Cheese suppliers) from Paul Vernon, CEO of Glanbia & current chair of Dairy UK, the trade body.
The message in it is stark.
IF the Spaffmeister does indeed pull the UK out of Europe without a deal, cheese sales to the EU will incur a tariff of Euro 1852/tonne or the equivalent of 18ppl. Imports however will attract ZERO tariff (in this case for Mozarella) allowing Glanbia's competitors to trade into the UK without impediment .
In light of this, the letter informs me that Glanbia cannot set their November milk price until they have confirmation of what the future trading scenario is going to be.
Basically, if we have a no deal Brexit, I will be handing the keys to the farm to the bank PDQ.
What a total f**k up
The message in it is stark.
IF the Spaffmeister does indeed pull the UK out of Europe without a deal, cheese sales to the EU will incur a tariff of Euro 1852/tonne or the equivalent of 18ppl. Imports however will attract ZERO tariff (in this case for Mozarella) allowing Glanbia's competitors to trade into the UK without impediment .
In light of this, the letter informs me that Glanbia cannot set their November milk price until they have confirmation of what the future trading scenario is going to be.
Basically, if we have a no deal Brexit, I will be handing the keys to the farm to the bank PDQ.
What a total f**k up