IFA National Dairy Chairman Tom Phelan today (Fri) welcomed the move by the Lakeland Dairies Board to hold their September milk price at 30c/l incl VAT.
“After two months of cuts, this move now halts the slide on milk prices, and I urge all other co-op Boards to follow the Lakeland example,” Mr Phelan said.
“As shown by IFA, market indicators justify this approach. Depending on the commodity, dairy returns have been stable to firmer in recent weeks, as evidenced by a small uplift in the September Ornua PPI,” he said.
“Irish co-ops must now better reflect improving market returns by holding prices this month, and finding ways of improving payouts over the coming months,” he concluded.