Milk price increases must reflect market reality

Two extremely strong Global Dairy Trade auctions this month and corresponding increases in EU dairy prices are clear indications that dairy market recovery has taken hold.

The turnaround has been reflected in some very welcome price increases for July milk, but all co-ops must now plan for significant further price increases for August and beyond.

The IFA will not tolerate any stalling on milk price increases while dairy farmers remain under extreme cashflow pressures after the prolonged market downturn.