Ireland: Milk price, ICMSA calls for at least 48c/L for September supplies

Published 2024년 10월 10일

Tridge summary

The Irish Creamery Milk Suppliers’ Association (ICMSA) is urging dairy processors to set the September milk price at a minimum of 48c/L, citing improvements in dairy markets over the past couple of months. The association emphasizes the importance of processors passing on market gains to farmers promptly to bolster farmer morale and help them manage mounting debts. The ICMSA points to price increases in key dairy markets, including the EU, New Zealand, and the US, as evidence of market dynamics, and argues that the proposed price is in line with these market trends.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Irish Creamery Milk Suppliers’ Association (ICMSA) is calling on dairy processors to provide farmers with a milk price of “at least” 48c/L for supplies in September. The association said that dairy markets have moved forward considerably in August and September, and called on the processors to “send a strong signal” to milk suppliers that the improvements in the market in recent weeks will be passed back “quickly” to farmer suppliers. Noel Murphy, the ICMSA’s dairy chairperson, said: “While farmers’ milk prices did increase in August, the relatively small increase did not reflect the true scale of improvement, and milk processors…need to make a very strong statement for September milk. “There is a crisis of confidence at farm level and we can’t overstate how important it is for co-op boards to look at the market and ensure that farmer suppliers are getting what they are due. “Those market-reflecting prices are desperately required if farmers are to be given a chance to start ...

Source: AgriLand