IFA dairy chair Tom Phelan has called on co-op board members to stop dragging their heels on milk prices on the back of another lift in the Ornua purchase price index and positive price moves in dairy markets.
“There can be no justification for Irish co-ops not to move on the November milk price, when the lowest payers are nearly 3c/l below the Ornua PPI,” he said.
“This month, our message to co-op board members is clear: stop dragging your heels on milk prices, and pay farmers the extra 1 to 2c/l on November milk that their cashflow is crying out for,” he said.
Phelan pointed out a number of positive moves in dairy markets:
“All these facts point to steadily improving returns from the marketplace justifying better farmgate milk prices, because there is a good balance between slower milk supply with low stocks, and solid demand growth,” he said.