Price Must Hold for September Milk – IFA

As the majority of board meetings take place this week to finalise the milk price for September, IFA National Dairy Committee Chair Stephen Arthur has reemphasised the need for processors to hold milk price.

“Lakeland Dairies held milk price last week and it is imperative that every other milk processor does the same thing this week,” he said.

This is against a backdrop of early, but promising signals in the marketplace of a rebound in commodity prices.

“Farmers need every cent thy get this backend given the difficult weather conditions we have had and the stubbornly high input prices we have to pay,” Stephen Arthur added.

“Farmers cannot be expected to continue operating below the cost of production,” he concluded.