Ireland: Price paid to farmers for milk produced over year to October rose 46% – CSO

Published Dec 13, 2024

Tridge summary

The Central Statistics Office (CSO) of Ireland has released a report revealing a 46.6% increase in the price paid to dairy farmers for milk over the past 12 months to October 2024. This period also saw a decrease in input prices. The most significant price increases were in milk, sheep, cattle, and calves, with the overall price of 'animal output' rising by 25.6%. In contrast, the price paid for vegetables, pigs, and eggs decreased. Additionally, there was a notable reduction in the cost of electricity, feeding stuffs, and fertilisers.

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

Original content

Dairy farmers saw the price they were paid for milk produced over the 12 months to October 2024 increase by 46.6%, according to a new report released today (Friday, December 13) by the Central Statistics Office (CSO). The latest Agricultural Price Indices report, published by the CSO, shows that some farmers were paid significantly more for their produce in the year to October 2024 while at the same time input prices also dropped. The CSO indices report sets out national trends in prices paid to farmers for their produce and in prices paid by farmers for purchases of goods and services. Dr. Nele van der Wielen, statistician in the CSO agriculture division, said: “From September 2024 to October 2024, the monthly agricultural output price index increased marginally by 0.6%, while the input price index decreased by 0.5%. “On an annual basis, the agricultural output price index rose by 22.1%, and the input price index fell by 6.9%.” Farmers The most significant increases in output ...

Source: AgriLand