Strong demand for EU milk scheme despite price rally
Thousands of farmers have signed up for the EU Voluntary Milk Reduction Scheme despite dairies increasing milk prices for the second month in a row.
Processors report strong interest in the scheme, with a fifth to a third of suppliers applying to join.
Accurate national figures were not available at time of going to press, as processors were still validating the numbers who had applied, and the volumes of milk involved.
The highest application rate was in Kerry Group, where 1,331 of the company's 3,400 milk suppliers applied to join the scheme - or almost 40pc. Farmers applied to put 20m litres into the scheme.
Glanbia confirmed that 13pc of suppliers have applied for the scheme, with the proposed volume reduction being 13m litres. This equates to 25pc of the October to December supply and 0.6pc of annual supply.
Lakeland Dairies estimated that 10-15pc of farmers signed up for the scheme. The co-op had no final figures on the volumes involved but expected it to be small.
Two hundred Arrabawn farmers, 20pc of suppliers, applied to join the scheme, while in Tipperary Co-op, 13pc of farmers applied.
The Tipperary Co-op suppliers applied to put 1 million litres into the scheme.