ICMSA urges co-ops to breach 30cpl price ceiling

Co-ops need to deliver at least 30c per litre for November milk, said ICMSA dairy chairman Gerald Quain.

“The 1 cent price rise last month was demonstrably short of the market realities and just did not reflect the obvious buoyancy in markets,” said Mr Quain.

“This upward sentiment has been sustained over the month and, interestingly, Whole Milk Powder has now taken over Butter as the commodity in high demand.

"Dairy farmers are looking to 2017 with the expectation that prices will cover all costs of production dairy including their own labour for the first time in nearly two years.”

Mr Quain said farmers desperately needed money due to autumn cash-flow pressure after “a truly disastrous year for dairy farmers”.

He also said some 4,000 farmers in the Voluntary Milk Supply Reduction Scheme will not be paid until late January at the earliest.


Lifestyle

Helen O’Callaghan on the dangers of products high in caffeine.The dangers of energy drinks full of sugar

When bride-to-be Alma Clohessy enlisted her mother Rita’s help in planning her wedding, they made the most of every precious moment together.Wedding of the Week: 'It was the best, yet most emotional day of my life'

As you may be aware, new rules around motor insurance documentation have been introduced. The rules are aimed at improving transparency for consumers but a broker is warning they may have unintended consequences and could cause some confusion among policy holders.Drive a hard bargain for better car insurance

When Peter Ryan lost 90% of his vision in his early 20s, his readjustment was emotionally painful, but maturing, says Helen O’CallaghanA new way of seeing the world: Peter Ryan talks about losing 90% of his sight in his early 20s

More From The Irish Examiner