UFU Call For Stable Prices At Milk Auction

NORTHERN IRELAND - Speaking ahead of next week’s United Dairy Farmers Milk Auction, Ulster Farmers’ Union (UFU) Deputy President Harry Sinclair has called for prices which reflect the current stability in the global dairy market.
calendar icon 23 August 2010
clock icon 1 minute read

Mr Sinclair said; “Prices fell slightly in July and this was attributed to rising production levels in Northern Ireland. Now with July milk production data released by DARD, we can see that production is falling back from the seasonal peak, with 174 million litres recorded. Despite this figure being higher than July 2009, it does not reflect any move towards a sustained increase in production. In fact the average July volumes for the past 5 years is 173.48 million litres, so production is stable and should not be having a negative effect on price”.

He added; “The global and local markets continue to be stable and the EU Commission Milk Management Committee have again refused all tenders for intervention stocks, meaning price should continue to be unaffected. In light of stable market conditions and falling production, we feel this should be reflected in the auction price with a stabilisation of prices”.

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