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IFA National Dairy Committee Chairman Sean O’Leary today (Friday) said the continued strengthening this week of all dairy market indicators augurs well for further price increases.

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Commenting this afternoon on the second strongly positive GDT auction for August, IFA President Joe Healy said that while the quantities traded through GDT were small in the context of total global trade, it was an undoubted fact that these results reinforced positively buyers’ and market sentiment all over the world. Co-ops should take heart from those results, and plan for significant further milk prices increases on July milk, but also for August and beyond.

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Speaking this morning (Tues) IFA President Joe Healy said there must be no stalling by co-ops on further milk price increases, and he would meet them in person to convey this message over the coming weeks.

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Commenting on today’s statistical release by the Central Statistics Office (CSO), which shows April 2016 milk output down 4.1% on the same month last year, IFA National Dairy Committee Chairman Sean O’Leary reminded commentators that April 2015 supplies were boosted by some carry forward from the previous quota restricted month.

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IFA National Dairy Committee Chairman Sean O’Leary has said the latest average dairy product prices reported by EU member states to the EU Milk Market Observatory for the week ending 13th March showed slight uplifts for the first time in weeks for butter, cheddar cheese and whey powder, and stable SMP prices.

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