Dairy

The improvement in all international dairy market indicators makes milk price increases imperative at this point.

We have seen a general improvement in market returns through May and June, especially for butter and powders. The Ornua PPI has improved 5 points for May and EU and global commodity markets have been strengthening.

This is the time of year farmers normally use the peak milk cheques to clear their financial commitments. After a tough costly spring, milk receipts are being squeezed and costs are rising. Co-ops need to lift milk prices to allow farmers pay their bills.