ICMSA predicts rise in milk price for suppliers and increased food costs for consumer
ICMSA believes a rise in milk price for suppliers could be on the way while food price inflation is guaranteed. File Picture.Â
Speaking in advance of milk price announcements for June supplies, the chairperson of the Irish Creamery Milk Suppliers Association (ICMSA) Dairy Committee, Ger Quain said the organisation believes that there is scope for at least a single cent per litre increase in base price from most co-ops.
He also added that there “must be more” from the co-ops who failed to increase the price for May supplies and pointed to the latest Ornua PPI which shows an increase in the base index of over 1cpl.
