Rise In Milk Auction Prices Welcomed

NORTHERN IRELAND, UK - The Ulster Farmers' Union has welcomed the increase in prices at this weeks Northern Irish milk auction. Average prices rose from 24.14 pence per litre last month to 25.8 pence per litre.
calendar icon 24 September 2010
clock icon 1 minute read

Commenting on the auction, UFU President John Thompson said: "The rise in prices is in line with current market conditions and we would have expected nothing less from this weeks auction. It certainly is good news for producers and reflects continued price increases in dairy commodity markets. We are conscious of the larger volumes of milk traded this week, but this is a further sign of the strong demand in the market and a stability between supply and demand".

"We were disappointed at last months auction result and we feel that this result is a step in the right direction. The auction should not have fallen last month and there is scope for further gains ahead if the current market forces continue in an upwards direction. We will be looking for all processors to pay a price which reflects these strong market conditions. This is vitally important in light of rising input prices as we enter the traditionally more expensive and intensive winter months".

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