Dec 122013
 

The Deputy President of ICMSA, the state’s specialist dairy farmer organisation, has expressed confidence that milk price will continue to remain strong for at least the first half of 2014. Pat McCormack said that two major market indicators clearly highlighted the ongoing momentum in dairy product prices. He specified last week’s increases in both the Global Dairy Trade Auction and the Dutch Dairy Quotations and noted that the 3.9% increase in the Global Dairy Trade auction reflected strong demand for products such as casein, butter and SMP, while the Dutch dairy quotations are reflecting a stronger market for dairy products in the EU.  Mr McCormack said ICMSA is particularly encouraged by the fact that Dutch quotations have shown improvements since October when they had dipped slightly and now are at the point that the butter/SMP combination is now almost 2 cents per litre higher than the Mid October level. Prices have fully recovered and more since then, according to ICMSA, and they look strong into the first half of 2014.

Ends           10 December 2013.

Pat McCormack, 087-7608958

Deputy President, ICMSA

Or

Cathal MacCarthy, 087-6168758

ICMSA Press Office