End to quota system predicted

Intervention, export refunds and quotas will become irrelevant over time, Glanbia group managing director John Moloney told the IFA dairy conference yesterday.

He said these reductions will impact on cheese and other products and, without alternative strategies, these will put pressure on milk prices.

However, he said that with continued efficiencies from farm to factory, innovation and a clear focus on the customer these challenges should be good news for the Irish industry and farmers.