ICMSA laud skim milk powder price increase
The resulting increased return to co-ops of 2.8c per gallon must be passed in full to farmers, said Dominic Cronin, Chairman of ICMSA’s Dairy Committee.
According to the Irish Dairy Board, the increase follows a drought-related decline in EU production which, with strong demand from the food and feed sectors and lowering of stock levels, boosted the market for skim.
But a Board spokesperson warned the European Commission has been gradually implementing the €206 per tonne cut in the butter intervention support price agreed in the last CAP reform, and EU butter prices will no longer be supported by intervention after August 24.
