Dairy farmers set to lose over €1bn as processors slash milk price

Cuts described as ‘absolutely horrendous’ as dairy sector faces income hammer blow

Peter Hynes told the Farming Independent that he expects his farm's income to be down by between €120,000-150,000 in 2023, as a result of milk price cuts

Niall Hurson

Dairy farmers are set to lose more than €1bn in 2023 as a result of several cuts in milk price by processors, according to those in the sector.