Latest figures from the Department of Agriculture show that based on estimated milk deliveries as submitted by milk purchasers for the period up to 31 October 2014, Ireland is 7.15% over quota when account is taken of the butterfat content of milk deliveries.

In October 2013, Ireland was 0.90% over quota.

As reported by the Irish Farmers Journal last week, each month of the 2014/2015 milk quota year has seen strong milk supply. A good milk price, favourable weather and a 3% larger dairy herd have been the main drivers. Higher milk fat content is also contributing.

Meanwhile, dairy markets remain weak, with a 3.1% drop in the Global Dairy Trade index on Tuesday. Dutch Dairy Board quotes were generally unchanged yesterday.

Irish co-ops have been lobbying the Minister for Agriculture to take action at European level to bring a floor to the market.

Arrabawn has cut its quoted October price by 1.75c/litre, while Lakeland and Town of Monaghan are both down by 1.5c for October to 30.5c/litre. Glanbia, Kerry and the west Cork co-ops have decided to hold price for October.