Milk price increases 'not enough' to cover costs

Noel Murphy said that these prices “would have been very good four or five years ago”, but this is not the case now due to rising input costs.

ICMSA dairy chairman Noel Murphy said that for base prices, “realistically, you need milk somewhere between 45c and 50c/litre to really give farmers a decent family income”.

Increases in milk prices announced by processors are welcome, but they are still “not enough” for farmers to cover their costs, the Irish Creamery Milk Suppliers Association has warned.

ICMSA dairy chairman Noel Murphy said that for base prices, “realistically, you need milk somewhere between 45c and 50c/litre to really give farmers a decent family income”.