Co-ops come under pressure to reinstate March milk prices

Irish dairy co-ops have come under renewed pressure to reinstate their March milk prices as stable trading at yesterday’s latest global dairy trade auction followed a series of upward markets.

Yesterday’s trade auction was stable at a -0.5% average price, and 25,600 tonnes of dairy produce sold. Skimmed milk powders were down 4.8%.

Even with a small downward adjustment in anhydrous milk fat of 0.8% to 3.7%, the overall market was stable, with butter milk powder up 2.5% and whole milk powder up 2.7%.