Dairy market volatility as milk supplies remain tight
Dairygold to cut back its cheese production due to reduced volumes
Irish milk volumes were down 5.9pc in March compared to last year after a difficult few months of weather conditions for dairy farmers. Photo: Stock
Dairy market volatility saw future butter prices rise sharply last week, while Dairygold announced it has cut back its cheese production due to reduced milk volumes.
In a statement, Dairygold said due to milk volumes being 9pc lower than 2023 in the year to date and the outlook for the year to be around 7pc lower, it will reduce cheese production over the summer months and allocate milk volumes elsewhere within the company as it looks to optimise its processing capacity and consider individual product returns.
