Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Cookies that are categorised as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience. Read our privacy policy here for more details.
Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

IFA Welcomes Glanbia and Lakeland Holding April Milk Price

Dairy

IFA National Dairy Committee Chairman Sean O’Leary today (Wednesday) welcomed decisions by Glanbia and Lakeland this week to hold their April milk price.

He said that while the market remained very challenging, farmers had reached rock-bottom on the level of price cuts they could tolerate, and are now receiving prices below production costs in most cases. He urged all other co-ops to follow the Glanbia and Lakeland example.

“The Ornua PPI for April, at 81.4 points, is equivalent to a milk price of 22.7c/l including VAT. Most co-ops are clearly supporting milk prices, but the reality is that they have to – because farmers do not have the resources to cope with prices that are now well below production costs for the majority,” Mr O’Leary said.

“The Irish dairy sector cannot thrive for the long term if it relies on farmers carrying too much of the market and price risk. Support is essential. In the short term, it must be about co-ops holding milk prices, finding efficiencies and cutting costs in every other area of activity,” he said.

“It must be developed for the medium and long term into the provision by co-ops, Ornua and other stakeholders of risk management tools such as milk price hedging options, margin insurance schemes, volatility proof taxation and flexible finance whose repayments vary with milk prices, along the lines of the Glanbia MilkFlex package,” he concluded.

Related Articles