Welcoming the move, IFA dairy chairman Kevin Kiersey called on all co-ops to add at least 2c per litre to their milk prices. He predicted that global dairy market returns would remain at relatively high levels, comfortably justifying a significant milk price increase by all co-ops.
Dairy market indicators remain positive for June, says ICOS, the umbrella body for Irish co-ops. This is due to weak European production. ICOS says that the peak European production will be reduced compared to last year.