ICMSA say difference between top and bottom 2019 milk prices already over €8000 “so far”
Following the latest announcements of July milk prices, ICMSA’s Dairy Committee Chairperson, Ger Quain, has stated that he believes that there is now a two-tier milk price system at play in the Irish market. The prices announced for the month of July have made this very obvious as there is now a discrepancy of over 3cpl between the top and bottom prices being paid to farmers from around the country. On the question of whether all bonuses should be in included on a whole-year basis instead of simply looking at a month in isolation, Mr. Quain said the divergence actually widens when bonuses are factored-in.
“If we take that line and examine the 2018 milk price figures as published by KPMG, the difference between top and bottom stands at 4cpl and amounts to a truly astonishing €16,000 over the course of 2018 for a supply of 400,000 litres. If we look at 2019, this discrepancy is already at over €8,000 for the first seven months of the year for the same supply curve. Farmers are asking the same question: How is this possible? Farmer suppliers are well aware of the uncertainty around international dairy markets at the moment, but ICMSA still feels entitled to ask why there is such shocking differences on what is a homogenous market for homogenous products around the globe?” concluded Mr. Quain.
End 20 August 2019.
Ger Quain, 086-3623041
Chairperson, ICMSA Dairy Committee
Cathal MacCarthy, 087-6168758
ICMSA Press Office
+353 (0)61 314677
ICMSA Head Office
John Feely House