Irish milk prices fail to match others

A 33% annual rise in the Northern Ireland Milk Auction price is viewed as a favourable barometer of the commodity milk price trend in Ireland.

The 23.02p per litre (about €0.34) for 53m litres is 33% up on the May 2006 result.

However, the international milk price review compiled by the Dutch Dairy Board (Productschap Zuivel) has shown that Irish milk prices in March had not yet reflected current dairy product market buoyancy.