Co-ops urged to hold June’s milk price

Dairy farmers are retaining some hope of a profitable 2012 following this week’s decision by Glanbia to hold its June milk price at 28.5c per litre, including Vat.

Kevin Kiersey, the IFA national dairy committee chairman, urged all co-ops to follow the example set by Glanbia, a move which may yet rebuild confidence in what is seen as an important year in terms of on-farm investment in the build-up to the end of the EU’s milk quota restrictions in 2015.

Mr Kiersey said quotes for butter from the main European trading agencies for this week are also up.