UFU Welcomes Price Stability at Milk Auction

UK - Ulster Farmers’ Union (UFU) Deputy President, John Thompson has welcomed the results from this weeks Northern Ireland milk auction. 38 million litres of milk sold for an average price of 28.52 pence per litre.
calendar icon 30 November 2009
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John Thompson said; “I am very pleased that we are now experiencing back-to-back months of stable and strong milk prices. This is the second month in a row that prices have held at around 28.5 pence per litre. This reflects a much improved global market for dairy products and we are pleased that this is now being reflected in prices in Northern Ireland. Producers can now expect better farm gate prices during the months ahead, which is badly needed at this time of year when production costs are at their highest”.

The UFU says it will continue to encourage milk processors to ensure producers share the benefit of improved market conditions. Mr Thompson said; “The dairy market has improved dramatically in recent months, underpinned by supply shortages in Australia and New Zealand. Returning producers to stable profitability is now crucial to restore confidence in the sector. After so much volatility in the past 18 months, it is a relief to see the market show a little more stability”.

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