Teagasc predicts increase in milk price, challenges for beef

In its year-end review and outlook for the year ahead, issued in Dublin’s RDS, Teagasc anticipates the annual average milk price will rise by 20% in 2017 relative to the 2016 level, bringing the annual average milk price to 32.2c per litre.
However, the Irish beef sector is facing into a tough year. Beef supplies across the EU are forecast to increase next year.