Milk price held at 27.22c/litre

A decision by Glanbia to hold the May milk price of 27.22c/litre-123.74c/gallon, including VAT, has been welcomed by the IFA.

Dairy committee chairman Michael Murphy said recent export refund and casein aid increases have helped offset the strength of the against the $. Industry experts expect a possible market price recovery later in the year," he said.