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Weather events continue to moderate US and EU milk output into Summer

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IFA National Liquid Milk Chairman John Finn has said the 2017 report by the National Milk Agency, published this week, highlights the role of retail practices when it comes to keeping specialist fresh milk producers viable, and securing domestic drinking milk supplies.

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Improved market returns must be used by co-ops to allow farmers to benefit from the upturn in dairy markets, but also to help narrow the costly milk price gaps that have developed between co-ops in recent months, IFA Dairy Chairman Tom Phelan has said.

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IFA National Dairy Committee Chairman Tom Phelan today (Tues) said that the improvement in all international dairy market indicators makes price increases imperative at this point. He stressed that they are also absolutely necessary as farmers’ milk receipts are squeezed and production costs bumped up by drought. “An increase of 1c/l at the very least is fully justified for June to begin with,” Tom Phelan said.

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IFA National Dairy Committee Chairman Tom Phelan has pointed out that the slight softening shown by the two June GDT auctions does not change the fact that international dairy commodity prices are continuing their recovery.

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