'Unpick that one' — Farmers question butter's 40c price cut

Supermarkets Aldi, Lidl, Tesco and SuperValu have cut milk and butter prices in recent days. Picture: Andy Gibson

“Good luck trying to unpick that one. That's exactly our point. No one knows how that price is arrived at."

That was the response from Irish Creamery Milk Suppliers Association (ICMSA) President Pat McCormick when asked how the price of butter is arrived at given the almost across-the-board decision of supermarkets to drop the price by 40c this week.