IRELAND - Irish Farmers' Association (IFA) National Dairy Committee Chairman Sean O’Leary has said that milk prices paid by all co-ops have fallen well under production costs in recent months, so that most dairy farmers were now deep into the red.
He said to help support farmers’ confidence at a time when markets are actually starting to rebalance and recover, co-ops should commit to at least holding milk prices until year end.
Mr O'Leary was commenting after the Dairygold decision to hold its May milk price.
“Now is a crucial time for all co-ops to take a serious look at the months ahead and to make every effort to put themselves in a position to commit to at least hold milk prices to year end – with improvements to be passed back as markets justify,” Mr O’Leary said.
Meanwhile in the UK, Meadow Foods announced at the end of last week that its milk price will increase by 1ppl in July and a further 1ppl August for the A price, while forecasting improved B prices.
The increase has been attributed to a slowdown in EU milk production over the flush and a better outlook.
TheCattleSite News Desk