Joe Healy urges co-ops to bring milk price in line with rise in global dairy markets

Co-ops must acknowledge the growing recovery in global dairy markets by increasing their milk prices, said IFA president Joe Healy.

Launching the IFA’s autumn milk price increase campaign, Mr Healy said EU commodity prices have risen strongly since May, with butter up €590/t or 24%, SMP up 6.2%, WMP up 15.5%, cheddar up 9.1% and whey up 28%.

He says a price increase from dairy co-ops would help rebuild confidence in the sector.