Falling milk prices to mid-2015 forecast

Milk prices will weaken for the next six to eight months, according to Agriculture Minister Simon Coveney.

“Dairy consumption growth has been well ahead of dairy production growth, and so we have had the strongest prices we have ever seen for dairy products for the last two years. That price is weakening now,” said Mr Coveney in last week’s Oireachtas committee on agriculture, food, and the marine.

“We have two very good years for grain production, and there is a direct correlation between cheap grain and milk prices weakening, which is exactly what is happening at the moment.