ICMSA say “Big Jump” in GDT auction makes for a great start to 2026

After four difficult months in dairy markets and significant reductions in milk prices, the Chairperson of ICMSA’s Dairy Committee, Noel Murphy, said that the 6.3% increase in the first GDT auction of 2026 is ‘just what the doctor ordered’ and makes for a great start to 2026.    

The ICMSA Dairy Committee Chairperson noted that since 1 September last, there has been no less than eight successive reductions in the GDT triggering ‘gloom and doom’ around the markets and amongst farmer-suppliers. A consensus had tentatively emerged that held that the new year would see buyers coming back into the market lessening the pressure on sellers and driving a recovery in dairy prices.

“It’s very early days but the GDT increase today is hugely positive with rises across all products. It’s crucial now, absolutely essential, that all milk processors at least hold milk price at its current levels for December milk supplied.  The reality is that milk prices are currently below the cost of production and if processors want farmers to produce milk in 2026, then they are going to have to recognise this reality and deliver a milk price that allows farmers to make some margin in 2026”, continued Mr. Murphy.

The ICMSA Chairperson said this opening the year on this positive note was hugely encouraging and we must hope that the recovery in demand for dairy products – and milk price – continue into Spring.

Ends    6 January 2026

Noel Murphy, 086-3815575

Chairperson, ICMSA Dairy Committee

Or

Cathal MacCarthy, 087-6168758

ICMSA Press Office