EU report confirms ICOS fears

The latest EU Commission analyses of the impact of the Fischler proposals on the milk sector confirms Irish dairy industry concerns, according to ICOS, the co-ops umbrella body.

ICOS previously warned that milk product prices in Ireland would suffer the full impact of the proposed intervention price cuts.

It also predicted that the milk sector in other countries, which have a significantly lower dependence on butter and skim milk powder (SMP) and higher relative production of cheese and fresh products, would have a lower milk price cut.