Milk supplies up 30pc despite price crash
Milk supplies continue to surge, despite dairy markets weakening further to levels last seen in 2009.
Despite expectations that the Ornua index due out tomorrow will slip to a new record low, and large volumes of Irish powder being sold at rock-bottom prices into EU intervention stores, milk supplies were up by as much as 100pc in some southern processors in January.
Nationally the figure was closer to 30pc. Tipperary co-op reported a doubling of 2015's intake, Dairygold also reported a big increase of 50pc, while Glanbia, LacPatrick, Carbery and Lakelands all reported a 25pc increase.
Arrabawn recorded a 36pc increase, while Aurivo were up 20pc.
Dairy calvings are already up 10,000 this year on the same period as last year.
The milk supply data comes as new figures show that Ireland is the main culprit for over supplies on the European market.
Despite accounting for less than 4pc of the total EU milk pool, Ireland produced a third of the 1.7 million tonnes of the extra milk output from the region in the first eight months of 2015.
The 11.4pc increase in Irish output was more than double the next nearest, a 5.3pc increase in Holland. In volume terms, Ireland's 620,000t increase was 70,000t more than the Dutch.