Volume of Irish milk production grows by 12.2% since quota abolition
The volume of milk collected in Ireland since the abolition of milk quotas in April 2015 has risen by 12.2% compared to the corresponding period last year.
Responding to a written question from Fine Gael TD, Deputy Patrick O'Donovan, Minister for Agriculture Simon Coveney said milk production has grown from 1.47 billion to 1.65 billion litres between April and May 2014 and April and May 2015. This represents an increase of 12.2% in the volume of milk collected during these periods.
Coveney says this confirms the view widely held by both the dairy sector and market analysts "that the milk quota regime acted as a brake on the potential of the sector to respond positively to market opportunities.
"This indicates that we are well on the way to achieving the 50% increase envisaged in Food Harvest 2020," he said.
ADVERTISEMENT
The Minister said that while there is still "some softness" in the global dairy markets, "most analysts predict that medium-term prospects are good, with growth in world population and wealth expected to stimulate strong levels of demand for dairy products. My aim is to help position the Irish dairy sector to be able to take advantage of this opportunity."
He added that price volatility is a challenge and, while EU market supports remain in place, it is also critically important that processors, farmers and the banking system work together to mitigate any negative impact.
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: Volume of Irish milk production grows by 12.2% since quota abolition
The volume of milk collected in Ireland since the abolition of milk quotas in April 2015 has risen by 12.2% compared to the corresponding period last year.
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.
Responding to a written question from Fine Gael TD, Deputy Patrick O'Donovan, Minister for Agriculture Simon Coveney said milk production has grown from 1.47 billion to 1.65 billion litres between April and May 2014 and April and May 2015. This represents an increase of 12.2% in the volume of milk collected during these periods.
Coveney says this confirms the view widely held by both the dairy sector and market analysts "that the milk quota regime acted as a brake on the potential of the sector to respond positively to market opportunities.
"This indicates that we are well on the way to achieving the 50% increase envisaged in Food Harvest 2020," he said.
The Minister said that while there is still "some softness" in the global dairy markets, "most analysts predict that medium-term prospects are good, with growth in world population and wealth expected to stimulate strong levels of demand for dairy products. My aim is to help position the Irish dairy sector to be able to take advantage of this opportunity."
He added that price volatility is a challenge and, while EU market supports remain in place, it is also critically important that processors, farmers and the banking system work together to mitigate any negative impact.
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