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IFA President Joe Healy today (Tues) said the preliminary results of the Teagasc 2017 National Farm Income survey highlighted the critical importance of CAP direct supports across all farming sectors and the dangers of hugely volatile or weak price returns.

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With global milk output growing at much slower rates (just over 1% for March, the level analysts believe is required to rebalance markets), intervention SMP stock shifting more readily, and international commodity price indices on the up, it looks like we may have seen the last of the (base) milk price cuts for 2018.

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There is no doubt that dairy markets are now recovering, Dairy Chairman Tom Phelan has said. 

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IFA National Dairy Committee Chairman Tom Phelan has said for many dairy farmers, spring only started two weeks ago. Major price cuts by co-ops in the last two months, in addition to the very poor weather, depressing volumes and constituents, and increasing feed costs, have eroded margins massively and caused major hardship and frustration for dairy farmers.

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IFA President Joe Healy is travelling to China today as part of a Ministerial trade mission, following the opening of the Chinese market for Irish beef last month. He is joined by Livestock Chairman Angus Woods and Pigs Chairman Tom Hogan.

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