A new report by Teagasc and Cork Institute of Technology (CIT) shows that Irish dairy farmers receive the lowest milk prices in Europe but have the highest profit margins, thanks to the low costs of seasonal, grass-based milk production.The report, titled An Analysis of the Irish Dairy Sector Post Quota, shows that Irish milk prices have averaged 29.8c/l since the lifting of milk quotas in 2015. By comparison, dairy farmers in Germany, France, Denmark and the Netherlands have all received higher milk prices on average during the same period (see figure 1).