Dairy price boost was unexpected
Since then, prices doubled for butter and skim milk powder. He said it was just as hard to figure out the future for milk prospects. However, he saw opportunities continuing for Irish cheese exports to Britain. He said milk prices are low there because of the weakness of co-ops, and this was driving more and more farmers out of milk. With British milk production due to fall by up to 8% this year, and the huge liquid milk market the first priority, cheese imports would be needed.
Globally, there would be some negative impact on demand due to the high price of dairy products, but there was no sign of that yet.
