ICMSA calling for 55 Cents Per Litre as ‘minimum’ for June Milk

Speaking in advance of milk price announcements for June, the Chairperson of ICMSA’s Dairy Committee, Noel Murphy, said, that while dairy markets continue in a very strong position the returns being achieved at milk processor level are still not being fully reflected in the price being paid to farmers.

“While we acknowledge that milk prices are at record levels, we also point to record high input costs, so while revenues are strong, the bills to be paid are unfortunately are stronger. The Co-ops must know that and that’s why it’s so important that every cent that can be returned to their suppliers is passed back. In our opinion this means that for milk supplied in June that farmers should be paid as a minimum 55 cents per litre”, he said.

Citing the fact that the Ornua PPI is in excess of that price and also the fact that Dutch dairy quotations are currently over 60 cents per litre, Mr. Murphy said that a price of 55 cents per litre is not an unreasonable request and is fully justified by marketplace developments. “Farmers are being ravaged by rocketing input cost bills that have been building up since the start of this year. Farmers have to get every cent that their milk is fetching in these continually climbing markets,” said Mr. Murphy.

Ends      7 July 2022

Noel Murphy, 086-3815575

Chairperson, ICMSA Dairy Committee

Or

Cathal MacCarthy, 087-6168758

ICMSA Press Office