FSAI assesses official controls in the dairy sector in Ireland
An assessment of controls at companies in the dairy sector in Ireland has found the system works well overall but there are several areas that need improvement. The audit covered official controls by a Department of Agriculture, Food and the Marine (DAFM) division in the dairy production chain. Eleven businesses were audited between August and […]
China’s continued absence from dairy market weighs on milk prices
China’s continued absence from the dairy market is continuing to undermine a recovery in milk prices. Despite this, both IFA and ICMSA have warned milk processors that farmers cannot afford any further cuts to milk price and believe the market has recovered. It comes as Ornua said its returns declined again in May based of […]
Milk price cuts could halve dairy farm incomes in 2023
A sharp reduction in milk prices and very high production costs could see dairy farm incomes halved in 2023, compared to the very high levels last year. The family farm income (FFI) for Irish dairy farmers increased by 53% to an average of €150,884 last year, which was driven by a significant rise in milk […]
Four large supermarkets cut price of milk for first time
Tesco, Aldi, SuperValu and Lidl have all announced a reduction in the price of milk. On Friday evening Lidl became the first large supermarket since the start of the cost of living crisis more than 18 months ago to reduce the cost of its milk. The German discounter announced that it was rolling out a […]
Teagasc forecasts milk prices to fall by 15% in 2023
A resumption in global milk production will dampen demand growth and drive down milk prices by 15% in 2023, Teasgasc has forecast. In its latest Economic Outlook for Irish Agriculture report, published today (Tuesday, December 13), Teagasc highlighted the prospects for the dairy sector in 2023. Teagasc outlined in the report that 2022 had been a challenging year […]
