Value of milk production forecast to drop by €1.4bn in 2023

Overall, the value of agricultural output at basic prices is expected to fall by 12% to €11.3bn this year.

With just a marginal fall in production volumes, the price has dropped by almost 27% this year.

The value of milk production is forecast to contract by almost €1.4bn to €3.6bn in 2023, CSO figures show.

With just a marginal fall in production volumes, the price has dropped by almost 27% this year.