Irish milk price could hit 40cpl due to declining international production

New Zealand giant Fonterra has reached a record price with its suppliers

The ICMSA is confident that that the next round of price announcements will see a rise in the prices paid to Irish suppliers. 

Sluggish milk production in the world’s No 1 dairy exporting nation is likely to be a big factor in milk price trends going forward.

Milk deliveries in New Zealand in August were down 4.2% compared to August 2020.