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IFA Dairy Chairman Sean O’Leary has said the decision by the Glanbia board to hold their September milk price at the August level is disappointing, and definitely falls short of EU market returns, as reported by the EU Milk Market Observatory.

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IFA National Dairy Committee Chairman Sean O’Leary has said that, while the first GDT auction for October showed a little weakness, butterfat and cheese prices remain historically high, and EU latest commodity returns remain strong at 41c/l.

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IFA National Dairy Committee Chairman Sean O’Leary has welcomed the announcement by Glanbia that, in addition to a 1c/l increase on August milk, they will pay a 1c/l bonus on all milk supplies produced in the January to June period.

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IFA National Dairy Committee Chairman Sean O’Leary has said that a quick look at the most up-to-date available indices of milk returns in Europe suggests that Irish milk prices have some catching up to do.

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Our round up shows a minimum 1c/l milk price increase is fully justified for Irish farmers this month, with the prospect of an equivalent minimum increase for next month.

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