Farmers advised to ‘fix‘ milk prices

The Irish Dairy Board expects to return 24-26 cent per litre milk price equivalent to processors for the first half of 2015.

Yesterday, Teagasc predicted an average Irish milk price in 2015 of 27c, compared to 37.6c this year.

But the worst of the price slump may be over by the third quarter of 2015, and longer term prospects for the industry are very positive, said Irish Dairy Board Global Marketing and Innovation Director Fergal McGarry, at last weekend’s ICMSA AGM.