Dairy slump signalled at NI auction and in EU

A 22.52% slump so far this year in Northern Ireland auction milk prices has heightened nervousness for dairy farmers both North and South.

Meanwhile, market deterioration is also evident on the continent, with several member states requesting the European Commission to introduce market measures in response to falling prices.

After a 3.74p/litre drop in milk price at United Dairy Farmers’ latest monthly auction in Northern Ireland, chief executive David Dobbin said the fall reflected the very depressed powder and bulk butter markets.