Oireachtas Agriculture Committee to consider implications of dairy price volatility

14th January, 2015

 

Representatives from the Irish Dairy Board will be appearing tomorrow (Thursday) before the Oireachtas Joint Committee Agriculture, Food and the Marine to consider potential difficulties and price volatility facing the dairy industry in the coming year.

Irish Dairy Board Chairman Aaron Forde, Secretary Anne Randles and Director Bernard Condon will address the Committee. Dairy product exports amount to €2billion annually to over 100 countries worldwide.

Committee Vice Chair Pat Deering TD: “As we approach abolition of milk quotas, in April this year, it is important that our Committee assess the outlook for the dairy industry in the coming year. The ending of the quota regime presents new opportunities for many dairy farmers and processors, particular if they manage expansion in a responsible manner. There has been considerable price volatility in the dairy industry in the past two years, with global prices rising in 2013 only to be followed by sharp declines in recent months as a result of weakening demand. In what is a critical year for Irish farm families involved in dairying, the Committee will be looking at the short and long term prospects for the sector with the Irish Dairy Board at tomorrow’s meeting.”