€1bn growth in infant formula

The obvious question is why Irish farmers have not seen the rapid growth in exports of this premium product reflected in the milk price?

Justin McCarthy

23 August 2017

Over the next three weeks, our agribusiness team will be taking a closer look at the infant formula market.

There has been an almost €1bn increase in the value of infant formula exports from Ireland over the past 10 years. In value terms, infant formula now accounts for 40% of dairy exports.

The obvious question is why Irish farmers have not seen the rapid growth in exports of this premium product reflected in the milk price? Next week, we will look at who is harvesting the margin in the supply chain.

China to overtake the US as the largest dairy market by 2022

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