Prices paid to milk suppliers fell by 12% in June after peaking in April

Global milk output levels are set to increase, but only up by circa 2% in 2014 versus 2012, according to Rabobank’s latest quarterly dairy sector report.

The bank’s analysts said prices paid to milk suppliers peaked to record levels in April, but were down 10%-12% in June.

In Ireland, co-ops reflected this global trend by paying prices of 38cpl and above during May.