Milk price cuts 'wipe out' liquid milk premium
Input costs for dairy farmers producing fresh milk through the winter months remain at an all-time high.
The price cuts of between 5c and 7c per litre announced by milk processors for January supplies have effectively eliminated the liquid milk premium paid to producers, according to Irish Farmers' Association liquid milk chair Keith O’Boyle.
With autumn calvers at peak milk production in January, Mr O'Boyle said that milk price cuts of this magnitude "have a profound impact on our profitability and effectively wipe out our premium".
