Dairy Council Report November 2024
Market Report
- Weekly milk flows in Germany and the Netherlands have been weaker than expected with ‘bluetongue’ impacting. However, the virus’s long-term impact is unclear and could be offset by improving margins and growth in France and Poland.
- Global flows should turn positive as the year progresses, but annual output is likely to be flat.
- European cheese, butter and WMP prices now at a premium to global levels, some convergence with global levels may occur.
- Buyers still need to conclude business and overall, the fundamentals appear solid.
After lifting further in early September, European pricing stabilised. This should stimulate some buying activity, but futures indicate some convergence with global price levels may occur.
September 2024 Farm Gate price
Activity since last Council Meeting
Bord Bia SDAS
Consultation on Module D on animal care has now concluded. However, there are still some outstanding issues that have to be resolved. Modules B and C have to be reviewed with next date set for the Dairy TAC meeting at the end of November.
Meetings
The Chair, Dairy Executive and Ger Lehane met with CEO and CFO of Carbery Group to discuss milk price and future strategies for the Coop.
Dairy Executive attended the following meetings:
- Drying off in a new era – CellCheck Autumn Conference in Kilkenny https://animalhealthireland.ie/programmes/cellcheck/cellcheck-conference-2024-drying-off-in-a-new-era/
- NDC Open Day on the McNamara Family Farm in Limerick
- COPA Milk Market Observatory meeting which was held online on the 23rd of September. This meeting included a review of the production and price of the Global and EU markets.
- With the Senior Environment Policy Executive, the Dairy Executive attended the UCD Democracy and Environment Seminar focusing on the Irish Dairy Industry. The Vice-President attended and spoke at the event.
- Climate Adaptation Conference in Moorepark Research Centre. https://www.teagasc.ie/media/website/publications/2024/Climate-adaptation-conference-proceedings.pdf
Representatives from LTO, The Netherlands attended the Farm Centre during their study tour in Ireland. Presentations were made to the Group by Director of Policy, European Policy Executive and Conor Mulvihill from MII.
The President, Dairy Executive, Director of Policy attended the two-day National Dairy Show in Millstreet.
EU/COPA developments
No update on the proposed legislative changes on the protection of animals during transport.
