Native grain prices remain unchanged from last week. There will be little activity over the coming weeks until action returns in January. Unfortunately, the Ukrainian maize harvest has been revised upwards by 1 million to 35 million tonnes which could create extra import pressure. However, China is in talks with the Ukraine regarding increased imports of the product which could alleviate the problem.
While Brexit and international trade wars are creating some uncertainty, IFA National Dairy Chair Tom Phelan said there were many signs that dairy markets will be tighter and prices firmer into the spring of 2019. The Rabobank last Dairy Quarterly report for 2018 even says that dairy markets could move quickly upwards and catch buyers unaware in the first half of 2019. This, Mr Phelan said, should encourage co-ops to hold milk prices at current levels till spring.
13 12 2018
Following negotiations, agreement has been reached between the IFA and Minister for Agriculture Michael Creed in relation to the publication of the factories which committed trim offences.
IFA Livestock farmers from around the country are holding a sit-in protest in the offices of the Minister for Agriculture in Dublin over the refusal of Minister Creed to name the meat factories found guilty of excessively trimming carcases. In addition, the IFA also called on Minister Creed to reject new proposals that could put further restrictions on the important live export trade.