CIT course aims to help manage price risk in dairy industry

An Irish college has devised a groundbreaking course to help the multibillion-euro Irish dairy industry use complex stock market instruments to manage price risk in the highly volatile global market.

Cork Institute of Technology (CIT) has teamed up with a leading commodities firm, INTL FCStone, to host the week-long event — the first of its kind in Europe — on the use of dairy futures and financial derivatives.

It has attracted interest from top co-op executives from Ireland, Europe, and even New Zealand — one of Ireland’s main dairy competitors — who are expected to attend the course in CIT early next month.