An economic impact assessment by EY, commissioned by DII, found that €45bn could lost from the economy over the course of the next 10 years should the derogation not be renewed by the European Commiss
The loss of the nitrates derogation could see milk cheques cut by €555m a year, Dairy Industry Ireland (DII) has warned.
An economic impact assessment commissioned by DII found that €45bn could be lost from the economy over the next 10 years should the derogation not be renewed by the European Commission.
It also found that 29% of the country’s milk processing capacity would be unused during the peak months of the year due to the loss of milk supply. DII director Conor Mulvihill said the loss of the derogation would hollow out rural communities and push up food prices.
ADVERTISEMENT
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
However, if you would like to share the information in this article, you may use the headline, summary and link below:
Title: Blow to milk cheques if derogation is lost
An economic impact assessment by EY, commissioned by DII, found that €45bn could lost from the economy over the course of the next 10 years should the derogation not be renewed by the European Commiss
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
The loss of the nitrates derogation could see milk cheques cut by €555m a year, Dairy Industry Ireland (DII) has warned.
An economic impact assessment commissioned by DII found that €45bn could be lost from the economy over the next 10 years should the derogation not be renewed by the European Commission.
It also found that 29% of the country’s milk processing capacity would be unused during the peak months of the year due to the loss of milk supply. DII director Conor Mulvihill said the loss of the derogation would hollow out rural communities and push up food prices.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS