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World Dairy Market Must Deliver Price Stability

06 November 2009

NORTHERN IRELAND, UK - The Chairman of the Ulster Farmers’ Union (UFU) Dairy Policy Committee, William Cromie, has welcomed further increases in dairy product prices from both New Zealand and Holland.

Following a 13.7 per cent increase in whole milk powder at the recent Fonterra auction in New Zealand and an improvement in Dutch Dairy Board prices to just under a 29 pence per litre equivalent for skimmed milk powder and butter, Mr Cromie said: “These price increases indicate a continued strengthening of world dairy markets and will give additional and much needed encouragement to many hard pressed dairy farmers throughout the Province.” 

He said that  it is important that these improving markets are not undermined at this early stage. "We know there is a significant quantity of dairy products in store and despite further reductions in dairy export refunds at this week’s EU Dairy Management Committee meeting, we are pleased that the decision was taken to not release products from intervention stores at this time.”

Mr Cromie concluded: “The EU Agriculture Commissioner recently gave a reassurance about Commission caution when it comes to selling stocks now bought up in intervention back onto the market and it is essential that they deliver on this.”

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