Volatility a big issue for dairy farmers

Managing volatility is one of the single biggest challenges ahead for dairy farmers, in the post-quota regime.

Volatility can affect sales, such as occurred in 2009. Over recent years, the volatility in milk price has been up to 50%.

The average price across the country was 22.36 cent per litre. This compares to an average price in 2011 of 33.11 cent per litre. Prices dipped again in 2012, having now recovered to a relatively high level of 34 cent per litre.