Growing consumption boosts dairy farming

IRISH dairy farmers can look to the future with optimism, Irish Dairy Board chief executive Noel Coakley told the World Dairy Summit.

Growing consumption of dairy products, particularly in the emerging economies of China and India, has rapidly changed the world market for dairy products.

He suggested that the maintenance of EU milk quota restrictions during a time of unprecedented milk shortages would not serve the best long-term interests of European dairy farmers.