Value of milk back 30% in 2023 as volumes and prices drop

The agricultural operating surplus declined by 36% (€1.7bn) to €3bn in 2023.

As output volumes decreased by 4% and prices were down by 26%, the value of milk dropped by 30%.

The value of milk was back by €1.5bn to €3.5bn in 2023, CSO preliminary figures show.

As output volumes decreased by 4% and prices were down by 26%, the value of milk dropped by 30%.