IFA says milk price levels should remain sustainable for 2014

Dairy co-op boards should take the view that current milk price levels will remain sustainable for 2014, says IFA national dairy chairman Sean O’Leary.

The IFA’s Cork-based dairy commentator based his comments on the results of the recent Fonterra auction — the first for February and involving trading contracts to August 2014.

Mr O’Leary said that the weighted average 0.5% price lift was due to robust butter and powder prices for trade up to June, reflecting solid continued global demand for those products.