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Even allowing for some supporting of milk prices in early 2016, co-ops should be in a comfortable position to hold prices at least until spring, and should even examine their overall 2017 financial situation to consider the payment of end-year bonuses.

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Commenting on the very day that the GDT is having its 200th auction, IFA National Dairy Chairman Sean O’Leary said that while international dairy prices are easing, Irish co-ops are still benefiting from contract returns signed in better times, as evidenced by the September rise in the Ornua PPI.

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Commenting on the announcement this week by Lakeland and Aurivo of 3-year fixed milk price contracts for their suppliers, IFA National Dairy Chairman Sean O’Leary said that for farmers to have the option to fix the price for a portion of their production could be a very valuable way of managing volatile incomes.

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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 said the Stakeholder Working Group to be established by Teagasc has a very important mission in promoting dairy farming as an attractive source of employment and indeed an opportunity for a successful career in a dynamic sector.

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