ICMSA Urges Co-Ops to Boost March Milk Prices Amid Global Supply Concerns
Source: The DairyNews
In February, all 15 co-ops featured in the Milk Price Tracker raised their base prices, but ICMSA's Noel Murphy is pressing for a minimum of 42c/L for March, Agriland writes.
Murphy emphasized the need for a 2c/L increase in March prices, citing global supply reductions and declining Irish yields, potentially by double digits during peak season.
He stressed the financial strain on farmers due to poor spring conditions, urging co-ops to promptly pass on market-driven price hikes to alleviate pressures.
The January Milk Price Tracker highlighted Lakeland's leading base price of 40.90c/L, with Tipperary at the bottom with 37.74c/L. Kerry's drop underscores the price gap among co-ops.
Murphy urged co-ops to reassess prices, especially with seasonality and input bonuses possibly ending. A boost in base prices is crucial to sustaining farmers through spring.
Without improvements, co-op rankings may shift significantly, impacting farmers' livelihoods. Low protein percentages also compound farmers' challenges, warranting urgent action.
ICMSA's call for a 42c/L minimum in March underscores the need for co-op support amidst ongoing supply uncertainties.
He stressed the financial strain on farmers due to poor spring conditions, urging co-ops to promptly pass on market-driven price hikes to alleviate pressures.
The January Milk Price Tracker highlighted Lakeland's leading base price of 40.90c/L, with Tipperary at the bottom with 37.74c/L. Kerry's drop underscores the price gap among co-ops.
Murphy urged co-ops to reassess prices, especially with seasonality and input bonuses possibly ending. A boost in base prices is crucial to sustaining farmers through spring.
Without improvements, co-op rankings may shift significantly, impacting farmers' livelihoods. Low protein percentages also compound farmers' challenges, warranting urgent action.
ICMSA's call for a 42c/L minimum in March underscores the need for co-op support amidst ongoing supply uncertainties.
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