Listen Back: Monaghan farmer on milk prices. The IFA's dairy chair, Martin McElearney has stressed the need for milk processors to work with dairy farmers in sharing the financial cost of the current downturn in milk prices.
Since September, the price dairy farmers received has fallen sharply by over 20%, while overall cost of production remains unchanged. The Drumhowan man highlighted price volatility is knocking dairy farmers' confidence.
He said that farmers are asking if processors could have done more to lock in prices earlier in the year, when market returns were higher.
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Speaking to Northern Sound, he said that over-supply around the world is causing the problem. Mr. McElearney was chatting to Maitiú Monaghan.
