20 Jun 2016
CO-OPS MUST COMMIT TO AT LEAST HOLDING MILK PRICES TO YEAR END – O’LEARYDairy
Commenting on the Dairygold decision to hold their May milk price, IFA National Dairy Committee Chairman Sean O’Leary today (Monday) 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.
“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.