ICMSA wants 4c milk rise despite subsidy threat

ICMSA has demanded a four cent per litre October milk price rise — despite last week’s EU move to eliminate nearly all dairy product export subsidies.

A European Commission spokesperson said they was reacting to rapidly rising world market prices and the reduction of the difference between internal support prices and world prices.

The export subsidies move is seen as an important signal from Brussels, which could limit upward milk price movement, in conjunction with the ample stocks in intervention.