Farmers annoyed with ‘creative milk price presentation’

Farmers says they are disappointed by milk price cuts, adding that they are annoyed with ‘creative milk price presentation.’

The IFA say the prices cut by co-ops have fallen below the Ornua PPI equivalent, at a time when eight consecutive GDT auctions, including this week’s, show global dairy price improvements.

Adding to their annoyance they say is the new trend among some co-ops when they cut milk prices to quote the month’s average milk price.

IFA National Dairy Chairman Tom Phelan says farmers were very disappointed that their first big milk cheque of the year had been reduced by price cuts when markets would have justified stability.