Dairy farmers' margins set to be 'squeezed' further

Ornua boss John Jordan said milk farmers can expect to be squeezed further this year as milk prices are set to fall but input costs are likely to remain stubborn.

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Ornua boss John Jordan said Irish dairy farmers can expect to be squeezed further this year as milk prices are set to fall, but input costs are likely to remain stubborn.

In 2022, the State’s largest dairy exporter recorded a 40% year-on-year increase in milk price, but this growth was offset by input costs which rose “rapidly”. These costs included fuel, feed, and fertiliser.