Dairy co-ops urged to prevent ongoing milk-price slump

The country’s co-ops have been urged to arrest the fall in milk prices caused by the downturn in global dairy markets.

Glanbia, Lakeland, and Arranawn have all cut the prices they pay farmers for milk supplies. Kerry has held its price and the Dairygold board will decide today.

Lakeland has decided on a 0.75c/l cut, to bring its June price to 28c/l (including Vat), while Arrabawn set its price at 27.87c/l, a drop of 1.5c/l.