Minimum 50c per litre of milk call
Mr Bray said last week’s World Dairy Summit speakers confirmed that profits in the liquid milk chain needed to be re-distributed, to secure milk supplies.
He said German delegates confirmed an 18c/l wholesale price increase from retailers, and said British retailers and processors were so worried about supply shortages that they are now paying farmers about 45% more than last year. The National Milk Agency here has warned of possible winter liquid milk shortages after 2008, without a major price adjustment. Mr Bray said Glanbia, by far the largest liquid milk dairy in Ireland, should set a winter milk price of 50c/l plus VAT.