Milk prices fell by three per cent ac­cord­ing to fig­ures

Wicklow People (West Edition) - - NEWS -

MILK prices fell by more than three per cent in July ac­cord­ing to the lat­est fig­ures re­leased by the Cen­tral Statis­tics Of­fice.

The fig­ures show that Ir­ish milk pro­duc­tion fell al­most 27m litres in July 2018 com­pared to July 2017, a fall of 3.1 per cent.

Ger­ald Quain, Chair­per­son of ICMSA’s Dairy Com­mit­tee, has said that the lat­est milk pro­duc­tion fig­ures for July ‘un­der­line graph­i­cally’ the ef­fect the drought con­di­tions had on dairy farms this sum­mer.

Mr Quain said that Ir­ish milk pro­duc­tion fell al­most 27m litres in July 2018 com­pared to July 2017, and re­flects the im­me­di­ate ‘knock-ons’ of the ex­treme weather and chal­lenges around ad­e­quate feed and grass over the pe­riod.

Mr Quain said it is im­per­a­tive that the fall in sup­ply must have a pos­i­tive im­pact on prices as the ex­tent of the fall in milk pro­duced works its way through the chain.

‘Prices on Euro­pean whole­sale mar­kets have in­creased over the last num­ber of weeks with re­turns for the But­ter/SMP mix run­ning at al­most 35cpl and WMP over 32cpl.

‘The fact for farm­ers is that rev­enues are be­ing eaten-up by the in­creased costs as­so­ci­ated with the drought and fod­der chal­lenges but that doesn’t de­tract from the im­per­a­tive of get­ting the high­est prices pos­si­ble from the mar­ket­place back to farm­ers as they strug­gle with those in­creased costs for the re­main­der of 2018 and into 2019.’

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