‘Milk prices should remain stable for the remainder of H1’

Irish milk prices should remain stable for the remainder of H1 2014 despite indications of an easing in global prices, predicts ICMSA deputy president Pat McCormack.
‘Milk prices should remain stable for the remainder of H1’

“All of the indicators in the market suggest there is a softening in global trade auctions,” Mr McCormack said. “However, the Irish Dairy Board Index has been fairly solid in the last number of months, going very close to a record high on occasion.”

The February 2014 IDB index remained practically unchanged at 133.5 points. This is only 0.2 points down from the highest ever reached of 133.7 points in September 2013.

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