Creamery suppliers see static milk price

The price paid to farmers for their milk supplies should remain unchanged for May, according to the Irish Creamery Milk Suppliers Association.

Deputy president Pat McCormack said Ornua’s Purchasing Price Index, a key indicator of the value of products traded on markets in the last month, shows only a marginal and insignificant fall and demonstrated that milk price can and should be held in full confidence for May.

“If processors and co-ops decide to cut milk price for May then they’ll be disregarding the prices achieved by products traded in the last month and that’s why the decision of Lakelands to cut price by 1.5cpl [cent per litre] to 28.75cpl for May is so disappointing and inexplicable,” said Mr McCormack.