N.Ireland
World dairy industry leaders this week debated how to solve milk price volatility at the International Dairy Federation's World Dairy Summit.
Dairy
Dairy farmers can look forward to 'volatility proof' loans, according to the European Commissioner for Agriculture Phil Hogan.
EU milk prices are expected to decline 2.0% in September; the lowest rate since February, the latest Milk Market Observatory (MMO) figures show.
We need a collaborative approach to address milk prices concerns, according to the North's Agriculture Minister, Michelle O’Neill.
EU
Belgian farmers have blocked roads, dumped manure and emptied tankers of milk in protest against the low prices they are receiving for their produce.
The current milk price on the world dairy market is a demand problem, and not one of supply, according to Fonterra Chief Executive, Theo Spierings.
FrieslandCampina has cut its guaranteed milk price for August to €28.50 per 100kg of milk which is the equivalent of 27.55c/L when converted to Irish constituents.
World News
UK farmers today (July 24) staged a rolling tractor road block on the A50 in Staffordshire, UK, in protest about falling milk and lamb prices.
Arla Foods has cuts its UK milk price for August by 1c/kg, 0.8p when applied to the UK standard litre, for the third consecutive month.
The dairy sector will develop hedging tools, designed to reduce the impact of volatility across the industry as a whole.
The Board of Dairygold has approved changes to the Society’s Member Funding mechanisms designed to assist its milk suppliers.
The medium-term outlook for dairy farming in Europe is good, according to a new report by the European Commission.
