Food producers told to focus on the long-term

Food producers should focus on the long- term certainty of demand for food rather than short-term price volatility, an Irish Dairy Board economist has said.

Mark Faherty, a dairy market analyst with the Irish Dairy Board, told agri-food sector leaders attending the Teagasc Food Research Dairy Process Innovation event in Moorepark, Co Cork, that food producers can anticipate a very bright future.

“Since 2007 EU and world milk prices have converged,” said Mr Fahey.