ICOS calls for higher export refunds

Europe: The co-ops’ umbrella body, ICOS, called yesterday for higher export refunds and casein aid for milk products.

It said the increases are necessary to offset the effects of the decline in the value of the dollar against the euro and relatively poor prices which have reduced casein returns.

Director general, John Tyrrell said ICOS welcomed the recent European Commission decision to increase the skim milk powder refund. But it was not adequate to ensure EU export competitiveness.