Ireland most exposed to changes in EU butter policy

BUTTER could be the real “problem child” for Europe as access to intervention becomes more difficult and supply chronically exceeds demand, a dairy industry leader warned yesterday.

Glanbia group managing director John Moloney told the Irish Co-operative Organisation Society’s (ICOS) 30th national conference in Dublin that Ireland is the key producer of surplus butterfat in Europe and consequently is most exposed to this policy change.

He said the key change driver for the Irish dairy industry is the fact that supports to traditional commodity products are now being significantly reduced under the CAP mid-term review.