Sunday 23 November 2014

IDB results lead to price hike call

Published 12/12/2012 | 06:00

The Irish Dairy Board has increased its dairy price index for November by 2.5pc to 109.1. This equates to a lift of around 0.75c/l in milk price. The index has risen by more than 19pc since last July.

ICMSA deputy president, Pat McCormack, claimed a milk price in excess of 34c/l was now fully justified for November milk. The IFA's dairy chairman, Kevin Kiersey, said that butter and skim milk powder spot quotes for Germany, France and the Netherlands returned an average gross 38c/l to 39c/l this week.

"Whole milk powder spot quotes for the last few weeks returned at least 36c/l before processing costs. Spot quotes for cheddar cheese and whey powder combined return a gross 41c/l," he said.

Meanwhile, processors admitted that global dairy supplies remained tight, but they claimed buyers were not very active.

Opposition grows to Farm Assist changes

Opposition to changes to the Farm Assist scheme is growing, as news emerges that the equivalent scheme for fishermen, Fish Assist, is to remain unchanged.

"Budget 2013 has removed the safety net of the Farm Assist scheme, which was designed to acknowledge the volatility of farming, by effectively abolishing the scheme in all but name," claimed independent TD for Roscommon and South Leitrim, Denis Naughten.

Deputy Naughten claimed the fact all farming income was now assessable in order to qualify for the scheme meant it was no different from the job seekers' allowance.

Indo Farming

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