IFA National Dairy Chairman Tom Phelan has welcomed the decision by the board of Dairygold to increase its May milk price by 0.5c/l to 29.19c/l including quality and sustainability bonuses and VAT.
He said it would help boost farmers’ confidence at a challenging time for cash flow and morale.
“Co-ops that have yet to set their May milk price should take a leaf out of the Dairygold book. All co-ops should look to improve June payouts.” “The outlook for dairy markets continues to be reasonably positive, so it is important that co-ops now start to consider more favourably future milk pricing decisions,” said the IFA Dairy Chairman.
“We have seen the end of milk price cuts, and with recent indicators including yesterday’s GDT auction, showing firmer trends, farmers will need to see better milk prices from all co-ops going forward,” he concluded.