Report predicts rise in farm milk prices

A NEW report on the difficulties in the dairy sector indicates a gradual improvement in farm milk prices can be expected.

However, the Dairy Markets Review report indicates the recovery will be gradual and depend on a number of factors.

The report, published by Teagasc and launched at the National Ploughing Championships in Athy, Co Kildare, yesterday, was produced by a committee of dairy industry stakeholders and experts, and chaired by UCC economist Dr Michael Keane. As well as exploring the origins of the current crisis, the study examines the milk production and dairy consumption prospects in the major regions around the world over the next five years.