It’s now five years since the ending of EU-imposed quotas on milk production and it’s not an understatement to say that the Irish dairy industry has been utterly transformed in the period. As noted in the first week of the annual KPMG milk price review, a phenomenal €1.3bn has been invested in milk processing capacity in Ireland in the last five years alone.

Since 2015, every Irish dairy co-op has invested heavily in stainless steel in some form or another to increase processing capacity and meet the milk supply surge that was always going to come following the ending of milk quotas.