New Zealand’s third warmest summer ever is a growing factor in rising dairy markets which may help to ease Irish milk producers’ Brexit worries.

Dairy market analysts are predicting a recovery as the latest Global Dairy Trade Price Index climbed 0.9%, the second successive auction to record a price rise.

EU dairy exporters must continue to do without the €8 billion per year Russian food market, after European foreign ministers moved this week towards prolonging economic sanctions to punish Russia for its 2014 annexation of Crimea.

Two storms which flooded large areas of New Zealand’s North Island in recent weeks may have encouraged dairy product buyers, whose bids moved the GlobalDairyTrade average index up 3.1% at Tuesday’s auctions.

Dairy co-ops will come under pressure to increase their August milk price after a series of IFA meetings starting today in the Newpark Hotel, Kilkenny.

Stronger pigmeat markets are leading recovery from the long-running crisis situation of EU dairy and pig farmers.

Dairy markets continue to “bump along the bottom”, having failed to gain any serious upward traction over the last six months.

Dairygold yesterday followed the example of other milk processors and reduced the price it will pay suppliers for June milk.

REVIVED just three years ago, tomorrow’s Tyre Stop Kerry Rallysprint has already found a perfect niche in the motorsport calendar.