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June milk prices will need to reflect improved market conditions and tightening supplies across Europe, warned ICMSA and IFA.
Farm organizations' comments come as the two dairies in Glanbia and Lakeland prepare to announce milk returns for the past month.
ICMSA President, Ger Quain, said it was time for processors to raise prices according to the changing market and the pressure exerted on their producers. suppliers.
"Dairy markets have steadily increased from their lowest point in March to a current position where the butter / skim milk powder mix is slightly below 35c / l after spot market treatment", said Mr. Quain. Tom Phelan of IFA said that despite the recent easing of SLM, the yields of skim milk powder and butter would result in an Irish price equivalent to 33.5c / l VAT inclusive, while European spot prices would rise to 37c / l including VAT.
"The EU and global commodity markets have strengthened, with the EU's MMO having risen by more than 5c / l since January, more than half of the decline observed between September and December 2017. Latest figures suggest milk price "Dutch, German and French spot prices, based solely on skimmed milk powder and butter prices, suggest a price of milk equivalent to 37c / l including VAT "[19659005] The hot weather across Europe has been reflected reduced milk deliveries and increased demand." Irish processors are also reporting a drop in their supplies, with a decline in their supply. about 1 pc compared to last year.
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