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IFA National Dairy Committee Chairman Tom Phelan today (Wed) said the Ornua PPI June increase of 3.6 points to 109 points was close to the 110 points of June 2017, when the average of the Irish Farmers Journal Milk Price League was 32.3c/l + VAT (34.04c/l including VAT).

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Improved market returns must be used by co-ops to allow farmers to benefit from the upturn in dairy markets, but also to help narrow the costly milk price gaps that have developed between co-ops in recent months, IFA Dairy Chairman Tom Phelan has said.

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IFA National Dairy Committee Chairman Tom Phelan today (Tues) said that the improvement in all international dairy market indicators makes price increases imperative at this point. He stressed that they are also absolutely necessary as farmers’ milk receipts are squeezed and production costs bumped up by drought. “An increase of 1c/l at the very least is fully justified for June to begin with,” Tom Phelan said.

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IFA National Dairy Committee Chairman Tom Phelan has pointed out that the slight softening shown by the two June GDT auctions does not change the fact that international dairy commodity prices are continuing their recovery.

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IFA National Dairy Chairman Tom Phelan has said that co-ops owe it to their suppliers to reflect in their May milk price decisions the 4.8c/l increase in EU returns and the several points higher than expected 105.4 pts May PPI.

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