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IFA National Dairy Chairman Tom Phelan today (Friday) said the decision by the board of Aurivo to cut their October milk price by just over 1c/l is at odds with the other main milk purchasers’ call and will disappoint their suppliers in one of the most difficult farming and financial years.

“IFA’s research has shown that, just like the other main milk purchasers other than the West Cork Co-ops, Aurivo had paid farmers less than the Ornua PPI milk price equivalent for the period from May to September 2018. By our calculations, a 350,000l Aurivo supplier would have received just under €1700 more over that period had they been paid the Ornua PPI milk price equivalent – the October price cut will compound this further,” Mr Phelan said.

“It is crucial that other co-ops take their lead from Glanbia, Lakeland, Kerry and Dairygold, all of which have held their October prices. Aurivo and all other co-ops must now commit to holding their milk price for the rest of the winter,” he added.

“Butterfat prices have eased, but SMP average, spot and futures market prices have all been firming, aided by a massive destocking of SMP out of intervention. There are reasons to be optimistic about powder markets for 2019, and this must help co-ops to hold milk prices for the coming months,” he concluded.

Commenting on the fact that Arla Foods have increased their September milk price by a further 1c/kg to 38.3c/kg (around 34.6c/l at 3.3%/3.6%) on the back of an increasingly severe global shortage of butterfat, as well as strongly rising demand, IFA National Dairy Chairman Sean O’Leary said he would expect Irish co-ops to continue increasing milk prices for August and later supplies.

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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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IFA National Dairy Committee Chairman Sean O’Leary has welcomed the decisions by Kerry, Lakeland, Glanbia, Dairygold, Arrabawn and Aurivo to hold the price they will pay for milk supplied during October. He said the decisions were what the National Dairy Committee had been lobbying for this month.

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IFA National Dairy Committee Chairman Sean O’Leary today (Fri) said that the CSO April milk production figure, which shows a significant 14.5% increase on the same month last year, must be considered in its full context. Milk supplies for a single month are not significant in isolation, they must be considered in the round of a full year. In this respect, the CSO figures show supplies for the January-April were 4.2% up and the EU Commission’s own forecast for the full year 2015 is that Ireland’s milk supplies would increase by 4%.

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