Most Irish milk processors have confirmed to the Irish Farmers Journal this week that they supported monthly milk price by between 2c and 3c/litre on average in 2015.

In total, this means global market returns were supported by over €100m during the course of the year. This equates to about €80 per cow on Irish dairy farms. The net result will mean the average 2015 milk price paid to Irish dairy farmers will come in at over 30.0c/litre, which processors claim is higher than direct product market returns in 2015.