Group urges bonus for dairy farmers due to price lags

Dairy farmers deserve a 1.3c per litre year-end bonus from co-ops based on global trade indices and a series of delayed price increases, according to ICMSA president and chair of its dairy committee, Pat McCormack.
Group urges bonus for dairy farmers due to price lags

He said analysis of milk prices and patterns throughout the year show that a lag was allowed develop in terms of price to farmers from spring on. He says this lag still exists, and can only be resolved by an end-of-year bonus to be paid by all co-ops and processors.

“The half-yearly returns of our two plc-linked processors provide clear and direct evidence of the improved profit levels being enjoyed by Irish milk processors in 2013,” he said.

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