Commenting on the first ever GDT Annual Report, published today for 2016, IFA National Dairy Chairman Sean O’Leary noted that GDT traded only 636,000t of product during 2016 – down 36% on the peak levels of trade of 2014, and consisting mostly of WMP and SMP (73%, or 464,000t).
15 10 2015
IFA National Dairy Committee Chairman Sean O’Leary has said that news from New Zealand suggested that their output would fall dramatically this year, with direct consequences, many already visible, for international dairy prices.
IFA National Dairy Committee Chairman Sean O’Leary today (Friday) welcomed the decision this week by Kerry, Carbery and Dairygold to hold their August milk price. He said that farmers’ margins had all but disappeared, with serious consequences for their short-term cash flow, but also for their situation next spring. He urged co-ops to make every effort to hold milk prices.
23 07 2015
REVIEWING EU INTERVENTION SAFETY NET IS ABOUT INFLUENCING COMMERCIAL BUYERS, NOT ENCOURAGING OVER PRODUCTIONBrussels, Dairy
Commenting on the response from EU Commissioner Phil Hogan, received by IFA to its request for a review of the EU dairy intervention safety net, IFA President Eddie Downey said this is not about encouraging higher production. He said, it is about sending a clear signal to buyers that they cannot exploit the vulnerabilities of the sector when returns are below production costs, and that they must start buying at realistic, sustainable prices.