Calls for delivery of 35c per litre for dairy farmers after market spike

Co-ops must deliver 35c per litre to dairy farmers to reflect a 40% spike in global milk markets and to ease the burden of soaring fodder costs, says ICMSA deputy president Pat McCormack.

Kerry has confirmed that it will pay its suppliers 35cpl for all milk supplied in March. A spokesperson for Kerry said the 2cpl increase was due to a strong global milk price caused by the drought in New Zealand.

“The lower milk output in France, Germany, the UK and here in Ireland has affected the sentiment in the marketplace, making buyers more keen to trade,” said the Kerry spokesman.