IFA National Dairy Committee Chairman Sean O’Leary has welcomed the decisions by Kerry, Lakeland, Glanbia, Dairygold, Arrabawn and Aurivo to hold the price they will pay for milk supplied during October. He said the decisions were what the National Dairy Committee had been lobbying for this month.
He added, however, that, as GDT had been volatile in recent months, both up and down, it is important for co-ops not to overreact to it, and to be circumspect in their milk price decisions to year end.
“Farmers’ confidence is in the balance, and co-ops have recognised this in recent months in supporting milk prices. Even with current levels of milk prices, farmers are very rightly concerned about their cash flow and income next spring. Co-ops must be very careful indeed in deciding on milk prices over the coming months, especially as volumes will be falling back dramatically from now on” Mr O’Leary concluded.