Decade ahead looking good for dairy sector

DAIRY farmers can look forward to continuing gains as the Irish Dairy Board increases prices again, due to continuing exceptionally strong world markets for dairy commodities.

And there are nine good years ahead, according to the Food and Agricultural Organisation (FAO) and Organisation for Economic Co-operation and Development (OECD).

In the international organisations’ joint agricultural outlook report, they predict that whole milk powder prices will continue to rise steadily, peaking at $263/100kg in 2008, from $229 in 2006.