Farm Ireland

Sunday 18 March 2018

Monaghan to hold its June price for milk

Town of Monaghan are the latest dairy processor to announce that they plan to hold June milk prices. The move comes after the country's largest milk processor, Glanbia, told farmers last week that it would hold June's milk price.

The ICMSA claim that the combination of poor weather and improving markets has left no circumstances in which co-op boards can contemplate a reduction in milk price.

"With indicators such as the Northern Ireland milk auction, Dutch dairy quotations and Bord Bia statistics all showing increases, there is simply no justification for a milk price reduction at this time," said dairy chairman, Pat McCormack.

British dairy farmers may not be so fortunate, since all of the biggest dairy processors there, Robert Wiseman Dairies, Arla Foods, Dairy Crest and First Milk all revealed they will be cutting milk prices, citing lower selling prices for commodities such as bulk cream. UK co-op First Milk also announced cuts.

The National Farmers Union is considering mounting protests against what they described as a "crisis situation" for British dairy farmers. The average price in Britain is approximately 31c/l.

"Dairy farmers are already quitting in record numbers and this new round of cuts, many due to come into force on August 1, is likely to be the final straw for many," NFU president Peter Kendal said.

Darragh McCullough

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