Dairy farmers urged to lock in prices for milk

Dairy farmers should consider locking in 40%, 50% or 60% of their milk for two or three-year pricing contracts which are available now through the big co-ops, says Agriculture Minister Simon Coveney.

He said this can help them prepare for price volatility.

“At present, dairy consumption is increasing by approximately 2% per year and dairy production is increasing by between 1% and 1.5% per year. That suggests that in the longer term we will see strong pricing for milk.