Positive EU milk price prospects to end of year

Irish co-ops warn of downside risks such as Brexit

More than 53,000 tonnes of butter will be released shortly from the EU's Private Storage Aid scheme, but markets are buoyant.

Irish co-ops say dairy market supply fundamentals remain positive, but warn that continued uncertainty over Brexit and the expected administrative delays affecting trade with the UK in 2021 are downside risks.

Milk prices remaining relatively strong is good news for Irish farmers who delivered an impressive 50 million litres of milk more in October 2020 than in October 2019.